Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Stock Short Interest Climbs 188.6%

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 48,915 shares, an increase of 188.6% from the September 15th total of 16,952 shares. Based on an average daily trading volume, of 110,570 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter worth approximately $2,240,000. Marquette Asset Management LLC acquired a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter worth approximately $91,000. Cypress Financial Planning LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF in the third quarter valued at approximately $216,000. Davis Capital Management bought a new position in Invesco BulletShares 2034 Corporate Bond ETF in the third quarter valued at approximately $131,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF in the third quarter valued at approximately $775,000.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

Shares of BSCY stock traded down $0.01 on Tuesday, reaching $19.66. The company had a trading volume of 36,260 shares, compared to its average volume of 152,850. The company has a 50-day moving average of $20.05 and a 200-day moving average of $20.44. Invesco BulletShares 2034 Corporate Bond ETF has a 12 month low of $19.43 and a 12 month high of $21.27.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.0809 per share. This is a drop from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0920. This represents a $0.97 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, September 21st.

About Invesco BulletShares 2034 Corporate Bond ETF

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.