Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Down 72.5% in October

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 195,212 shares, a drop of 72.5% from the October 15th total of 710,653 shares. Based on an average trading volume of 956,642 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

BSCT stock remained flat at $18.25 during mid-day trading on Friday. The company’s stock had a trading volume of 724,204 shares, compared to its average volume of 716,164. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $18.16 and a fifty-two week high of $18.94. The company has a fifty day simple moving average of $18.29 and a 200 day simple moving average of $18.56.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Kinetic Wealth Investment Advisors LLC purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the 2nd quarter valued at $3,275,000. Lido Advisors LLC purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF during the 3rd quarter worth $102,179,000. Goepper Burkhardt LLC boosted its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 5.7% during the 1st quarter. Goepper Burkhardt LLC now owns 663,826 shares of the company’s stock worth $12,387,000 after acquiring an additional 35,584 shares during the last quarter. Kintra Wealth LLC grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 31.3% in the 2nd quarter. Kintra Wealth LLC now owns 266,234 shares of the company’s stock worth $4,948,000 after acquiring an additional 63,492 shares in the last quarter. Finally, Davis R M Inc. grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.7% in the 1st quarter. Davis R M Inc. now owns 975,287 shares of the company’s stock worth $18,199,000 after acquiring an additional 240,406 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.