Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Short Interest Up 31.7% in March

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 102,043 shares, a growth of 31.7% from the February 26th total of 77,482 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 563,678 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock valued at $174,521,000 after buying an additional 541,413 shares in the last quarter. Morgan Stanley raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock worth $102,328,000 after acquiring an additional 2,096,838 shares during the period. Raymond James Financial Inc. raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 8.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,744,829 shares of the company’s stock worth $62,464,000 after acquiring an additional 276,360 shares during the period. LPL Financial LLC lifted its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 4.2% during the fourth quarter. LPL Financial LLC now owns 3,683,355 shares of the company’s stock valued at $61,494,000 after purchasing an additional 149,128 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 2.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,714,473 shares of the company’s stock valued at $45,318,000 after purchasing an additional 73,283 shares in the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

Shares of BSCV stock opened at $16.32 on Friday. Invesco BulletShares 2031 Corporate Bond ETF has a 1 year low of $15.84 and a 1 year high of $17.06. The firm has a fifty day moving average price of $16.65 and a 200-day moving average price of $16.69.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.0623 per share. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco BulletShares 2031 Corporate Bond ETF

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.