Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Large Growth in Short Interest

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 543,968 shares, an increase of 49.4% from the July 15th total of 364,223 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 699,713 shares, the short-interest ratio is presently 0.8 days.

Invesco BulletShares 2030 Corporate Bond ETF Price Performance

BSCU opened at $16.59 on Thursday. Invesco BulletShares 2030 Corporate Bond ETF has a 1-year low of $16.45 and a 1-year high of $17.06. The company has a 50-day moving average of $16.59 and a 200-day moving average of $16.72.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a dividend of $0.0639 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a boost from Invesco BulletShares 2030 Corporate Bond ETF’s previous dividend of $0.06.

Institutional Trading of Invesco BulletShares 2030 Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its position in Invesco BulletShares 2030 Corporate Bond ETF by 24.1% in the 4th quarter. Morgan Stanley now owns 9,598,976 shares of the company’s stock valued at $162,415,000 after purchasing an additional 1,863,230 shares during the last quarter. LPL Financial LLC lifted its position in Invesco BulletShares 2030 Corporate Bond ETF by 49.3% in the fourth quarter. LPL Financial LLC now owns 5,068,013 shares of the company’s stock worth $85,751,000 after purchasing an additional 1,673,174 shares during the period. Royal Bank of Canada lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 81.3% in the fourth quarter. Royal Bank of Canada now owns 2,502,624 shares of the company’s stock valued at $42,345,000 after buying an additional 1,121,904 shares during the period. Invesco Ltd. raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 35.4% in the fourth quarter. Invesco Ltd. now owns 4,233,963 shares of the company’s stock worth $71,639,000 after acquiring an additional 1,106,773 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 10.2% in the 4th quarter. Lido Advisors LLC now owns 7,850,122 shares of the company’s stock valued at $132,693,000 after acquiring an additional 726,647 shares during the last quarter.

About Invesco BulletShares 2030 Corporate Bond ETF

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate investment grade bonds with effective maturities in 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.