Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) Sees Significant Drop in Short Interest

Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 110,416 shares, a decline of 42.7% from the February 26th total of 192,855 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 369,706 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco BulletShares 2032 Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in shares of Invesco BulletShares 2032 Corporate Bond ETF by 4.5% in the 4th quarter. ORG Partners LLC now owns 11,247 shares of the company’s stock valued at $235,000 after acquiring an additional 488 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of Invesco BulletShares 2032 Corporate Bond ETF by 2.9% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 20,114 shares of the company’s stock valued at $420,000 after purchasing an additional 560 shares during the period. Capital Investment Advisors LLC lifted its stake in Invesco BulletShares 2032 Corporate Bond ETF by 5.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 13,069 shares of the company’s stock valued at $273,000 after purchasing an additional 675 shares during the last quarter. Independence Bank of Kentucky grew its holdings in Invesco BulletShares 2032 Corporate Bond ETF by 1.1% during the fourth quarter. Independence Bank of Kentucky now owns 61,112 shares of the company’s stock worth $1,276,000 after purchasing an additional 676 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Invesco BulletShares 2032 Corporate Bond ETF by 2.5% during the third quarter. Geneos Wealth Management Inc. now owns 31,720 shares of the company’s stock worth $662,000 after purchasing an additional 772 shares during the period.

Invesco BulletShares 2032 Corporate Bond ETF Stock Performance

NASDAQ BSCW remained flat at $20.38 during trading hours on Friday. The company had a trading volume of 183,019 shares, compared to its average volume of 360,427. The stock has a fifty day simple moving average of $20.85 and a 200-day simple moving average of $20.90. Invesco BulletShares 2032 Corporate Bond ETF has a 1 year low of $19.62 and a 1 year high of $21.66.

Invesco BulletShares 2032 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be issued a $0.0797 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, March 23rd. This is a boost from Invesco BulletShares 2032 Corporate Bond ETF’s previous monthly dividend of $0.08.

Invesco BulletShares 2032 Corporate Bond ETF Company Profile

The Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 2032. BSCW was launched on Sep 8, 2022 and is managed by Invesco.