Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Large Drop in Short Interest

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a significant drop in short interest in 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 short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kirr Marbach & Co. LLC IN raised its position in Invesco BulletShares 2029 Corporate Bond ETF by 53.2% during the fourth quarter. Kirr Marbach & Co. LLC IN now owns 652,689 shares of the company’s stock worth $12,293,000 after acquiring an additional 226,705 shares during the last quarter. BCS Wealth Management raised its position in Invesco BulletShares 2029 Corporate Bond ETF by 118.1% during the fourth quarter. BCS Wealth Management now owns 546,592 shares of the company’s stock worth $10,295,000 after acquiring an additional 295,928 shares during the last quarter. Colonial Trust Advisors grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 19.0% during the third quarter. Colonial Trust Advisors now owns 315,523 shares of the company’s stock worth $5,935,000 after buying an additional 50,474 shares in the last quarter. Sound Stewardship LLC grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 787.6% during the fourth quarter. Sound Stewardship LLC now owns 114,309 shares of the company’s stock worth $2,153,000 after buying an additional 101,430 shares in the last quarter. Finally, ProVise Management Group LLC grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 27.2% during the fourth quarter. ProVise Management Group LLC now owns 307,212 shares of the company’s stock worth $5,786,000 after buying an additional 65,783 shares in the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

Shares of NASDAQ BSCT remained flat at $18.63 during midday trading on Friday. 521,410 shares of the company traded hands, compared to its average volume of 737,091. Invesco BulletShares 2029 Corporate Bond ETF has a 12-month low of $18.48 and a 12-month high of $18.97. The firm has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $18.76.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

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

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.