Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Up 130.3% in October

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 710,653 shares, a growth of 130.3% from the September 30th total of 308,607 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 967,830 shares, the short-interest ratio is presently 0.7 days.

Invesco BulletShares 2029 Corporate Bond ETF Stock Up 0.1%

Shares of NASDAQ:BSCT traded up $0.03 during trading on Friday, reaching $18.32. 1,013,283 shares of the stock were exchanged, compared to its average volume of 706,707. The firm’s 50-day moving average price is $18.33 and its 200 day moving average price is $18.59. Invesco BulletShares 2029 Corporate Bond ETF has a 12-month low of $18.16 and a 12-month high of $18.94.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0703 dividend. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0688.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in BSCT. Bank of America Corp DE grew its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 32.0% during the 1st quarter. Bank of America Corp DE now owns 3,487,306 shares of the company’s stock worth $65,073,000 after acquiring an additional 845,134 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 13.4% in the 1st quarter. Royal Bank of Canada now owns 2,445,163 shares of the company’s stock valued at $45,627,000 after purchasing an additional 289,430 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 3rd quarter valued at about $44,589,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock worth $42,258,000 after purchasing an additional 147,973 shares during the last quarter. Finally, Tlwm lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.1% during the second quarter. Tlwm now owns 1,598,888 shares of the company’s stock worth $29,699,000 after purchasing an additional 33,179 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.