Short Interest in Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Declines By 67.9%

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 43,536 shares, a decline of 67.9% from the June 30th total of 135,675 shares. Based on an average trading volume of 96,371 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Invesco BulletShares 2034 Corporate Bond ETF Price Performance

Shares of NASDAQ BSCY traded up $0.05 during midday trading on Monday, reaching $20.32. 45,775 shares of the stock were exchanged, compared to its average volume of 141,215. Invesco BulletShares 2034 Corporate Bond ETF has a twelve month low of $20.25 and a twelve month high of $21.29. The firm has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $20.80.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were issued a dividend of $0.0885 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, July 20th.

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter valued at about $36,534,000. BCS Wealth Management boosted its position in Invesco BulletShares 2034 Corporate Bond ETF by 124.1% during the fourth quarter. BCS Wealth Management now owns 666,220 shares of the company’s stock worth $14,004,000 after purchasing an additional 368,933 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the third quarter valued at approximately $1,933,000. LeClair Wealth Partners LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter valued at approximately $2,377,000. Finally, Clark Asset Management LLC increased its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 24.0% in the first quarter. Clark Asset Management LLC now owns 323,095 shares of the company’s stock valued at $6,687,000 after buying an additional 62,601 shares in the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.