Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Declines By 42.8%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 248,796 shares, a decrease of 42.8% from the July 30th total of 434,832 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 489,608 shares, the days-to-cover ratio is presently 0.5 days.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

BSCT traded down $0.04 during trading hours on Friday, reaching $18.47. 1,183,017 shares of the stock traded hands, compared to its average volume of 666,074. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $18.42 and a fifty-two week high of $18.97. The firm’s fifty day simple moving average is $18.54 and its two-hundred day simple moving average is $18.64.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a dividend of $0.0702 per share. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, August 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSCT. IFP Advisors Inc boosted its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 21.5% in the fourth quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $59,000 after purchasing an additional 551 shares during the period. Aspen Investment Management Inc raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 0.4% during the first quarter. Aspen Investment Management Inc now owns 151,230 shares of the company’s stock worth $2,822,000 after purchasing an additional 575 shares during the period. Waverly Advisors LLC lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.4% in the 1st quarter. Waverly Advisors LLC now owns 25,868 shares of the company’s stock worth $483,000 after buying an additional 611 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $44,000 after buying an additional 681 shares during the last quarter. Finally, Western Wealth Management LLC boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3.2% in the 1st quarter. Western Wealth Management LLC now owns 22,355 shares of the company’s stock valued at $417,000 after buying an additional 700 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.