Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Declines By 42.8%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 248,796 shares, a decline of 42.8% from the July 30th total of 434,832 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 489,608 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSCT. Coastline Complete Wealth LLC acquired a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter valued at about $3,325,000. IMA Advisory Services Inc. grew its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 6.3% during the fourth quarter. IMA Advisory Services Inc. now owns 1,221,624 shares of the company’s stock worth $23,009,000 after purchasing an additional 72,559 shares during the period. Lido Advisors LLC increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 5.0% during the fourth quarter. Lido Advisors LLC now owns 6,386,183 shares of the company’s stock worth $120,139,000 after buying an additional 302,120 shares during the last quarter. Continuum Wealth Advisors LLC acquired a new position in Invesco BulletShares 2029 Corporate Bond ETF during the fourth quarter worth approximately $1,073,000. Finally, Goepper Burkhardt LLC raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 5.7% in the first quarter. Goepper Burkhardt LLC now owns 663,826 shares of the company’s stock valued at $12,387,000 after buying an additional 35,584 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Trading Down 0.2%

Shares of Invesco BulletShares 2029 Corporate Bond ETF stock traded down $0.04 on Tuesday, reaching $18.44. 2,739,858 shares of the company were exchanged, compared to its average volume of 676,725. Invesco BulletShares 2029 Corporate Bond ETF has a one year low of $18.42 and a one year high of $18.97. The company has a 50-day moving average of $18.54 and a 200 day moving average of $18.64.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.0702 per share. The ex-dividend date was Monday, August 24th. This is a positive change 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%.

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.