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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 474,713 shares, a decrease of 38.2% from the September 30th total of 767,868 shares. Based on an average daily volume of 671,095 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Invesco BulletShares 2031 Corporate Bond ETF Stock Performance

NASDAQ BSCV opened at $15.98 on Friday. The company has a 50-day moving average price of $15.96 and a two-hundred day moving average price of $16.35. Invesco BulletShares 2031 Corporate Bond ETF has a 52 week low of $15.73 and a 52 week high of $16.82.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were given a dividend of $0.0650 per share. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0634. This represents a $0.78 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, October 19th.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC acquired a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the 3rd quarter valued at approximately $40,945,000. Hengehold Capital Management LLC bought a new stake in Invesco BulletShares 2031 Corporate Bond ETF during the 3rd quarter valued at $38,809,000. Bank of America Corp DE raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the 1st quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock valued at $33,717,000 after acquiring an additional 307,897 shares in the last quarter. Royal Bank of Canada boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 10.6% during the 1st quarter. Royal Bank of Canada now owns 1,382,583 shares of the company’s stock worth $22,758,000 after acquiring an additional 132,450 shares during the period. Finally, Waverly Advisors LLC boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% during the 2nd quarter. Waverly Advisors LLC now owns 1,255,637 shares of the company’s stock worth $20,574,000 after acquiring an additional 1,232,281 shares during the period.

Invesco BulletShares 2031 Corporate Bond ETF Company Profile

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.