Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sees Large Growth in Short Interest

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 578,346 shares, a growth of 105.5% from the January 29th total of 281,430 shares. Based on an average daily volume of 877,507 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 877,507 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional bought a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF in the third quarter worth $26,000. Fifth Third Bancorp acquired a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 3rd quarter worth about $31,000. AlphaCore Capital LLC acquired a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 4th quarter worth about $33,000. International Assets Investment Management LLC bought a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF in the 4th quarter valued at about $45,000. Finally, Optimum Investment Advisors grew its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 24.1% in the 3rd quarter. Optimum Investment Advisors now owns 3,600 shares of the company’s stock valued at $74,000 after buying an additional 700 shares during the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

Invesco BulletShares 2028 Corporate Bond ETF stock traded up $0.04 during mid-day trading on Friday, reaching $20.62. The company had a trading volume of 441,473 shares, compared to its average volume of 940,474. The business has a fifty day simple moving average of $20.60 and a 200 day simple moving average of $20.59. Invesco BulletShares 2028 Corporate Bond ETF has a fifty-two week low of $20.07 and a fifty-two week high of $20.69.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be paid a $0.0726 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.2%.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.