Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Up 130.3% in October

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 710,653 shares, an increase of 130.3% from the September 30th total of 308,607 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 967,830 shares, the days-to-cover ratio is presently 0.7 days.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

Shares of BSCT stock opened at $18.32 on Friday. Invesco BulletShares 2029 Corporate Bond ETF has a 52-week low of $18.16 and a 52-week high of $18.94. The company’s 50 day moving average is $18.33 and its 200 day moving average is $18.58.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were given a dividend of $0.0703 per share. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0688. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.84 annualized dividend and a yield of 4.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parr Mcknight Wealth Management Group LLC boosted its position in Invesco BulletShares 2029 Corporate Bond ETF by 3.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 346,594 shares of the company’s stock valued at $6,308,000 after buying an additional 12,875 shares during the last quarter. NorthAvenue LLC increased its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 3.2% in the 3rd quarter. NorthAvenue LLC now owns 278,081 shares of the company’s stock worth $5,061,000 after buying an additional 8,666 shares during the period. Pinnacle Financial Group LLC IL increased its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 48.5% in the 3rd quarter. Pinnacle Financial Group LLC IL now owns 31,430 shares of the company’s stock worth $572,000 after buying an additional 10,270 shares during the period. SFE Investment Counsel purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF during the 3rd quarter worth approximately $7,006,000. Finally, Aprio Wealth Management LLC raised its position in Invesco BulletShares 2029 Corporate Bond ETF by 11.7% during the 3rd quarter. Aprio Wealth Management LLC now owns 41,484 shares of the company’s stock worth $755,000 after buying an additional 4,332 shares during the last quarter.

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.