Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Shares Shorted: Short Interest Down 65.7% in September

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 116,387 shares, a drop of 65.7% from the September 15th total of 338,935 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 226,922 shares, the short-interest ratio is presently 0.5 days.

Invesco BulletShares 2033 Corporate Bond ETF Trading Up 0.1%

Invesco BulletShares 2033 Corporate Bond ETF stock traded up $0.02 during midday trading on Monday, reaching $20.15. 99,641 shares of the company were exchanged, compared to its average volume of 224,943. The firm’s 50-day simple moving average is $20.51 and its 200-day simple moving average is $20.87. Invesco BulletShares 2033 Corporate Bond ETF has a 1 year low of $19.92 and a 1 year high of $21.69.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.0848 dividend. This is a drop from Invesco BulletShares 2033 Corporate Bond ETF’s previous monthly dividend of $0.0911. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BSCX. Baird Financial Group Inc. lifted its holdings in shares of Invesco BulletShares 2033 Corporate Bond ETF by 17.4% during the 2nd quarter. Baird Financial Group Inc. now owns 622,811 shares of the company’s stock worth $13,113,000 after acquiring an additional 92,106 shares during the period. City Holding Co. purchased a new stake in Invesco BulletShares 2033 Corporate Bond ETF in the second quarter valued at approximately $869,000. Concurrent Investment Advisors LLC acquired a new position in Invesco BulletShares 2033 Corporate Bond ETF during the second quarter worth approximately $652,000. Independent Financial Group LLC acquired a new position in Invesco BulletShares 2033 Corporate Bond ETF during the first quarter worth approximately $4,347,000. Finally, Bank of America Corp DE raised its stake in Invesco BulletShares 2033 Corporate Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 414,450 shares of the company’s stock worth $8,766,000 after purchasing an additional 47,689 shares during the period.

Invesco BulletShares 2033 Corporate Bond ETF Company Profile

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.