Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Stock Short Interest Declines 36.8%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 200,114 shares, a decrease of 36.8% from the August 31st total of 316,702 shares. Based on an average trading volume of 926,390 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

BSCT opened at $18.24 on Friday. The business has a fifty day simple moving average of $18.44 and a 200-day simple moving average of $18.55. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $18.16 and a fifty-two week high of $18.94.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.0688 dividend. This is a negative change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Monday, September 21st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 5.0% during the fourth quarter. Lido Advisors LLC now owns 6,386,183 shares of the company’s stock valued at $120,139,000 after buying an additional 302,120 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 5.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,667,652 shares of the company’s stock worth $69,080,000 after acquiring an additional 180,123 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.0% during the first quarter. Bank of America Corp DE now owns 3,487,306 shares of the company’s stock valued at $65,073,000 after acquiring an additional 845,134 shares during the period. Royal Bank of Canada raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 13.4% during the first quarter. Royal Bank of Canada now owns 2,445,163 shares of the company’s stock valued at $45,627,000 after acquiring an additional 289,430 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock valued at $42,258,000 after acquiring an additional 147,973 shares during the period.

About Invesco BulletShares 2029 Corporate Bond ETF

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.