Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Large Increase in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 580,120 shares, a growth of 745.8% from the April 15th total of 68,587 shares. Based on an average daily trading volume, of 675,080 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are short sold.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

Shares of BSCV stock traded up $0.01 during mid-day trading on Wednesday, hitting $16.45. The stock had a trading volume of 280,150 shares, compared to its average volume of 562,218. Invesco BulletShares 2031 Corporate Bond ETF has a 12-month low of $16.12 and a 12-month high of $17.04. The firm’s 50-day moving average is $16.52 and its two-hundred day moving average is $16.64.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were paid a dividend of $0.0632 per share. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Monday, April 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Aptus Capital Advisors LLC lifted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock worth $174,521,000 after purchasing an additional 541,413 shares during the last quarter. Morgan Stanley lifted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock worth $102,328,000 after purchasing an additional 2,096,838 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 8.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,744,829 shares of the company’s stock worth $62,464,000 after purchasing an additional 276,360 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 4.2% during the 4th quarter. LPL Financial LLC now owns 3,683,355 shares of the company’s stock worth $61,494,000 after purchasing an additional 149,128 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 2.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,714,473 shares of the company’s stock worth $45,318,000 after purchasing an additional 73,283 shares during the last quarter.

About Invesco BulletShares 2031 Corporate Bond ETF

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.