Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Declines By 82.1%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 133,465 shares, a drop of 82.1% from the May 14th total of 746,932 shares. Based on an average daily volume of 755,130 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Invesco BulletShares 2029 Corporate Bond ETF Trading Up 0.1%

Shares of BSCT stock opened at $18.58 on Wednesday. The business’s 50 day moving average is $18.64 and its two-hundred day moving average is $18.76. Invesco BulletShares 2029 Corporate Bond ETF has a twelve month low of $18.48 and a twelve month high of $18.97.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.0717 dividend. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 4.5% in the 4th quarter. ORG Partners LLC now owns 12,483 shares of the company’s stock valued at $235,000 after purchasing an additional 540 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 5.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 11,403 shares of the company’s stock valued at $215,000 after buying an additional 541 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% in the fourth quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $59,000 after buying an additional 551 shares in the last quarter. Aspen Investment Management Inc boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 0.4% in the first quarter. Aspen Investment Management Inc now owns 151,230 shares of the company’s stock valued at $2,822,000 after buying an additional 575 shares in the last quarter. Finally, Waverly Advisors LLC boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.4% in the first quarter. Waverly Advisors LLC now owns 25,868 shares of the company’s stock valued at $483,000 after buying an additional 611 shares in the last quarter.

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.