Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Short Interest Update

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 248,796 shares, a drop of 42.8% from the July 30th total of 434,832 shares. Based on an average trading volume of 489,608 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Invesco BulletShares 2029 Corporate Bond ETF Stock Up 0.1%

NASDAQ:BSCT traded up $0.01 during trading hours on Monday, hitting $18.48. The stock had a trading volume of 175,463 shares, compared to its average volume of 663,100. Invesco BulletShares 2029 Corporate Bond ETF has a one year low of $18.42 and a one year high of $18.97. The business’s 50 day moving average is $18.54 and its 200-day moving average is $18.64.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.0702 dividend. This is a positive change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSCT. Straight Path Wealth Management grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 2.2% in the second quarter. Straight Path Wealth Management now owns 599,064 shares of the company’s stock valued at $11,128,000 after acquiring an additional 12,839 shares during the period. Wedmont Private Capital acquired a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the second quarter worth about $495,000. Kintra Wealth LLC raised its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 31.3% during the second quarter. Kintra Wealth LLC now owns 266,234 shares of the company’s stock worth $4,948,000 after purchasing an additional 63,492 shares during the period. Semitam Bonam LLC lifted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3.6% during the 2nd quarter. Semitam Bonam LLC now owns 104,758 shares of the company’s stock valued at $1,946,000 after purchasing an additional 3,663 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 272.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 42,212 shares of the company’s stock valued at $784,000 after purchasing an additional 30,872 shares in the last quarter.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.