Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Short Interest Down 20.6% in January

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 393,424 shares, a decline of 20.6% from the December 31st total of 495,473 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,062,210 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 1,062,210 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BSCT. Manchester Financial Inc. bought a new position in Invesco BulletShares 2029 Corporate Bond ETF in the second quarter valued at $42,899,000. Tlwm lifted its position in Invesco BulletShares 2029 Corporate Bond ETF by 6,742.1% in the 4th quarter. Tlwm now owns 1,464,068 shares of the company’s stock worth $27,576,000 after buying an additional 1,442,670 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 1,799.7% in the second quarter. Laurel Wealth Advisors LLC now owns 803,091 shares of the company’s stock worth $15,018,000 after buying an additional 760,816 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the second quarter worth approximately $9,493,000. Finally, Carrera Capital Advisors bought a new position in Invesco BulletShares 2029 Corporate Bond ETF during the second quarter valued at approximately $8,731,000.

Invesco BulletShares 2029 Corporate Bond ETF Stock Up 0.1%

NASDAQ:BSCT traded up $0.02 during trading hours on Friday, hitting $18.86. The stock had a trading volume of 492,015 shares, compared to its average volume of 999,891. The company has a 50 day simple moving average of $18.83 and a two-hundred day simple moving average of $18.82. Invesco BulletShares 2029 Corporate Bond ETF has a one year low of $18.14 and a one year high of $18.97.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a dividend of $0.0694 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, January 20th.

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.