Short Interest in Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Declines By 73.9%

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 119,595 shares, a decrease of 73.9% from the February 26th total of 458,438 shares. Based on an average daily volume of 896,918 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC raised its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 2,281.5% in the second quarter. Laurel Wealth Advisors LLC now owns 2,872,278 shares of the company’s stock worth $58,853,000 after acquiring an additional 2,751,669 shares during the period. LPL Financial LLC grew its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 37.7% during the 4th quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock valued at $150,048,000 after acquiring an additional 1,995,326 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF during the 4th quarter valued at about $19,955,000. Invesco Ltd. increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 35.4% in the 4th quarter. Invesco Ltd. now owns 3,291,013 shares of the company’s stock valued at $67,795,000 after purchasing an additional 859,871 shares in the last quarter. Finally, Rothschild Wealth LLC purchased a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the 4th quarter valued at about $17,072,000.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.0%

Shares of NASDAQ BSCS opened at $20.36 on Thursday. Invesco BulletShares 2028 Corporate Bond ETF has a 12 month low of $20.07 and a 12 month high of $20.69. The firm’s 50 day simple moving average is $20.56 and its 200-day simple moving average is $20.58.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a dividend of $0.0727 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Monday, March 23rd.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.