Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Shares Shorted: Short Interest Down 64.3% in September

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 242,196 shares, a decrease of 64.3% from the August 31st total of 677,646 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 569,982 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Large investors have recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the 1st quarter valued at about $35,000. Fifth Third Bancorp raised its position in Invesco BulletShares 2031 Corporate Bond ETF by 1,361.6% in the 1st quarter. Fifth Third Bancorp now owns 10,801 shares of the company’s stock valued at $178,000 after purchasing an additional 10,062 shares during the last quarter. Gateway Wealth Partners LLC purchased a new position in Invesco BulletShares 2031 Corporate Bond ETF during the 1st quarter worth $183,000. PNC Financial Services Group Inc. increased its stake in Invesco BulletShares 2031 Corporate Bond ETF by 85.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $187,000 after purchasing an additional 5,158 shares during the period. Finally, Somerset Trust Co purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the second quarter valued at about $188,000.

Invesco BulletShares 2031 Corporate Bond ETF Stock Down 0.2%

BSCV stock traded down $0.03 during midday trading on Tuesday, reaching $15.74. 984,909 shares of the company were exchanged, compared to its average volume of 534,752. Invesco BulletShares 2031 Corporate Bond ETF has a 1-year low of $15.73 and a 1-year high of $17.04. The stock’s 50-day simple moving average is $16.15 and its 200 day simple moving average is $16.33.

Invesco BulletShares 2031 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 paid a dividend of $0.0634 per share. The ex-dividend date was Monday, September 21st. This represents a $0.76 annualized dividend and a yield of 4.8%. This is a decrease from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0672.

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.