Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sees Significant Increase in Short Interest

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 196,698 shares, a growth of 76.4% from the September 15th total of 111,529 shares. Based on an average daily volume of 781,122 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of BSCS. Legacy Wealth Partners LLC lifted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 11.0% in the third quarter. Legacy Wealth Partners LLC now owns 14,476 shares of the company’s stock valued at $291,000 after acquiring an additional 1,437 shares during the period. Whitener Capital Management Inc. bought a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the third quarter worth approximately $3,221,000. Tenon Financial LLC increased its stake in Invesco BulletShares 2028 Corporate Bond ETF by 33.8% in the 3rd quarter. Tenon Financial LLC now owns 131,138 shares of the company’s stock worth $2,639,000 after buying an additional 33,115 shares in the last quarter. JM2 Capital Inc. raised its stake in Invesco BulletShares 2028 Corporate Bond ETF by 4.3% during the 3rd quarter. JM2 Capital Inc. now owns 38,972 shares of the company’s stock valued at $784,000 after purchasing an additional 1,601 shares during the period. Finally, XY Planning Network Inc. lifted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 20.2% in the third quarter. XY Planning Network Inc. now owns 61,431 shares of the company’s stock worth $1,236,000 after buying an additional 10,316 shares in the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Trading Up 0.0%

NASDAQ:BSCS traded up $0.01 during midday trading on Friday, reaching $20.23. 97,802 shares of the stock traded hands, compared to its average volume of 696,422. Invesco BulletShares 2028 Corporate Bond ETF has a 12 month low of $20.09 and a 12 month high of $20.67. The company has a fifty day moving average of $20.26 and a 200 day moving average of $20.34.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0744 per share. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.0765. This represents a $0.89 annualized dividend and a dividend yield of 4.4%.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

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.