Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Large Increase in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 580,120 shares, a growth of 745.8% from the April 15th total of 68,587 shares. Based on an average daily volume of 675,080 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of BSCV. AlphaCore Capital LLC purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 4th quarter valued at about $33,000. Ascentis Independent Advisors acquired a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the first quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 248.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,439 shares of the company’s stock valued at $41,000 after purchasing an additional 1,739 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the fourth quarter valued at approximately $50,000. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF during the third quarter worth $92,000.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

BSCV stock traded down $0.06 during trading on Tuesday, reaching $16.43. 524,506 shares of the stock traded hands, compared to its average volume of 563,398. Invesco BulletShares 2031 Corporate Bond ETF has a 52-week low of $16.12 and a 52-week high of $17.04. The business’s 50 day moving average price is $16.53 and its 200-day moving average price is $16.64.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 20th were given a $0.0632 dividend. The ex-dividend date of this dividend was Monday, April 20th. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 4.6%.

Invesco BulletShares 2031 Corporate Bond ETF Company Profile

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.