Short Interest in Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Expands By 387.0%

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 48,700 shares, a growth of 387.0% from the March 31st total of 10,000 shares. Based on an average daily trading volume, of 940,300 shares, the days-to-cover ratio is presently 0.1 days.

Invesco BulletShares 2024 Corporate Bond ETF Price Performance

NASDAQ:BSCO remained flat at $21.00 during trading hours on Friday. The company had a trading volume of 365,200 shares, compared to its average volume of 1,018,986. The stock has a fifty day simple moving average of $20.97 and a two-hundred day simple moving average of $20.88. Invesco BulletShares 2024 Corporate Bond ETF has a fifty-two week low of $20.53 and a fifty-two week high of $21.04.

Invesco BulletShares 2024 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 23rd were paid a $0.0604 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This is a positive change from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.04. This represents a $0.72 annualized dividend and a yield of 3.45%.

Hedge Funds Weigh In On Invesco BulletShares 2024 Corporate Bond ETF

Several large investors have recently bought and sold shares of the company. UBS Group AG raised its position in Invesco BulletShares 2024 Corporate Bond ETF by 6.4% in the fourth quarter. UBS Group AG now owns 6,502,300 shares of the company’s stock valued at $135,801,000 after purchasing an additional 393,025 shares during the last quarter. Wells Fargo & Company MN raised its position in Invesco BulletShares 2024 Corporate Bond ETF by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,350,343 shares of the company’s stock valued at $132,627,000 after purchasing an additional 46,121 shares during the last quarter. LPL Financial LLC raised its position in Invesco BulletShares 2024 Corporate Bond ETF by 18.1% in the third quarter. LPL Financial LLC now owns 4,097,742 shares of the company’s stock valued at $84,700,000 after purchasing an additional 628,002 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Invesco BulletShares 2024 Corporate Bond ETF by 17,095.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,325,933 shares of the company’s stock valued at $69,645,000 after purchasing an additional 3,306,591 shares during the last quarter. Finally, Milestone Asset Management LLC raised its position in shares of Invesco BulletShares 2024 Corporate Bond ETF by 20,526.5% during the fourth quarter. Milestone Asset Management LLC now owns 3,313,858 shares of the company’s stock worth $69,210,000 after acquiring an additional 3,297,792 shares during the last quarter.

About Invesco BulletShares 2024 Corporate Bond ETF

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade corporate bonds maturing in 2024. The fund will unwind in December 2024 and return all capital and proceeds to investors.