Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Large Decline in Short Interest

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 41,152 shares, a decline of 66.9% from the April 15th total of 124,326 shares. Based on an average daily volume of 651,874 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Invesco BulletShares 2030 Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in BSCU. Lido Advisors LLC lifted its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 49.5% during the 3rd quarter. Lido Advisors LLC now owns 7,123,475 shares of the company’s stock worth $120,387,000 after purchasing an additional 2,357,648 shares during the last quarter. Brookstone Capital Management acquired a new stake in Invesco BulletShares 2030 Corporate Bond ETF during the 4th quarter worth approximately $31,634,000. Morgan Stanley lifted its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 24.1% during the 4th quarter. Morgan Stanley now owns 9,598,976 shares of the company’s stock worth $162,415,000 after purchasing an additional 1,863,230 shares during the last quarter. LPL Financial LLC lifted its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 49.3% during the 4th quarter. LPL Financial LLC now owns 5,068,013 shares of the company’s stock worth $85,751,000 after purchasing an additional 1,673,174 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 81.3% during the 4th quarter. Royal Bank of Canada now owns 2,502,624 shares of the company’s stock worth $42,345,000 after purchasing an additional 1,121,904 shares during the last quarter.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

Shares of BSCU remained flat at $16.72 on Thursday. The stock had a trading volume of 212,410 shares, compared to its average volume of 662,309. The stock’s 50 day moving average is $16.77 and its 200-day moving average is $16.87. Invesco BulletShares 2030 Corporate Bond ETF has a 1-year low of $16.45 and a 1-year high of $17.06.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were paid a $0.0625 dividend. This is an increase from Invesco BulletShares 2030 Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, April 20th.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.