Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Sees Large Decrease in Short Interest

Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 125,653 shares, a drop of 48.2% from the May 31st total of 242,752 shares. Based on an average daily volume of 592,751 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco BulletShares 2027 Corporate Bond ETF Price Performance

Invesco BulletShares 2027 Corporate Bond ETF stock traded up $0.01 during midday trading on Thursday, hitting $19.63. 159,797 shares of the stock were exchanged, compared to its average volume of 802,292. The stock’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $19.68. Invesco BulletShares 2027 Corporate Bond ETF has a fifty-two week low of $19.57 and a fifty-two week high of $19.80.

Invesco BulletShares 2027 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.0692 dividend. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Investors Weigh In On Invesco BulletShares 2027 Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSCR. Rossby Financial LCC purchased a new position in shares of Invesco BulletShares 2027 Corporate Bond ETF during the 4th quarter worth $28,000. Birchbrook Inc. purchased a new stake in Invesco BulletShares 2027 Corporate Bond ETF in the 4th quarter valued at about $30,000. AlphaCore Capital LLC acquired a new position in Invesco BulletShares 2027 Corporate Bond ETF in the fourth quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in Invesco BulletShares 2027 Corporate Bond ETF during the fourth quarter worth about $48,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Invesco BulletShares 2027 Corporate Bond ETF during the fourth quarter worth about $52,000.

Invesco BulletShares 2027 Corporate Bond ETF Company Profile

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors. BSCR was launched on Sep 27, 2017 and is managed by Invesco.