Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Stock Short Interest Rises 54.2%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 308,607 shares, a growth of 54.2% from the September 15th total of 200,114 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 665,830 shares, the days-to-cover ratio is currently 0.5 days.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

NASDAQ:BSCT traded up $0.01 during trading hours on Friday, hitting $18.32. 146,472 shares of the company traded hands, compared to its average volume of 691,569. The firm has a 50-day moving average of $18.39 and a 200 day moving average of $18.53. Invesco BulletShares 2029 Corporate Bond ETF has a twelve month low of $18.16 and a twelve month high of $18.94.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.0688 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 4.5%. This is a negative change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BSCT. Bank of America Corp DE raised its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.0% during the 1st quarter. Bank of America Corp DE now owns 3,487,306 shares of the company’s stock valued at $65,073,000 after acquiring an additional 845,134 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the third quarter worth $44,589,000. Royal Bank of Canada raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 13.4% in the 1st quarter. Royal Bank of Canada now owns 2,445,163 shares of the company’s stock valued at $45,627,000 after purchasing an additional 289,430 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock valued at $42,258,000 after acquiring an additional 147,973 shares in the last quarter. Finally, Tlwm lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.1% in the second quarter. Tlwm now owns 1,598,888 shares of the company’s stock worth $29,699,000 after purchasing an additional 33,179 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.