Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) Sees Significant Drop in Short Interest

Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 110,416 shares, a drop of 42.7% from the February 26th total of 192,855 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 369,706 shares, the days-to-cover ratio is currently 0.3 days.

Invesco BulletShares 2032 Corporate Bond ETF Price Performance

Shares of NASDAQ:BSCW remained flat at $20.38 during trading on Friday. 183,019 shares of the stock traded hands, compared to its average volume of 360,427. The company’s fifty day moving average is $20.85 and its 200-day moving average is $20.90. Invesco BulletShares 2032 Corporate Bond ETF has a 12 month low of $19.62 and a 12 month high of $21.66.

Invesco BulletShares 2032 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.0797 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, March 23rd. This is a positive change from Invesco BulletShares 2032 Corporate Bond ETF’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Invesco BulletShares 2032 Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSCW. Invesco Ltd. raised its position in shares of Invesco BulletShares 2032 Corporate Bond ETF by 99.8% during the fourth quarter. Invesco Ltd. now owns 1,584,759 shares of the company’s stock worth $33,082,000 after purchasing an additional 791,502 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Invesco BulletShares 2032 Corporate Bond ETF by 1,619.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,341,937 shares of the company’s stock valued at $28,013,000 after buying an additional 1,263,909 shares during the period. Vista Investment Management boosted its holdings in shares of Invesco BulletShares 2032 Corporate Bond ETF by 22.9% in the fourth quarter. Vista Investment Management now owns 105,641 shares of the company’s stock valued at $2,205,000 after buying an additional 19,712 shares during the period. Align Financial LLC bought a new stake in shares of Invesco BulletShares 2032 Corporate Bond ETF during the fourth quarter worth $139,000. Finally, AQR Capital Management LLC increased its position in shares of Invesco BulletShares 2032 Corporate Bond ETF by 140.7% during the fourth quarter. AQR Capital Management LLC now owns 131,778 shares of the company’s stock worth $2,751,000 after acquiring an additional 77,019 shares in the last quarter.

About Invesco BulletShares 2032 Corporate Bond ETF

The Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 2032. BSCW was launched on Sep 8, 2022 and is managed by Invesco.