Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Significant Drop in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 402,856 shares, a drop of 38.1% from the January 29th total of 650,629 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 389,837 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 389,837 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.4%

Shares of NASDAQ BSCV traded down $0.07 during mid-day trading on Monday, reaching $16.73. The company had a trading volume of 67,306 shares, compared to its average volume of 528,485. Invesco BulletShares 2031 Corporate Bond ETF has a twelve month low of $15.84 and a twelve month high of $17.06. The stock’s 50 day moving average is $16.71 and its 200-day moving average is $16.71.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.0621 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the fourth quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 248.4% during the 4th 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 in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 4th quarter valued at $50,000. Davis Capital Management acquired a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the 3rd quarter valued at $53,000. Finally, Advisory Services Network LLC bought a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the third quarter worth $92,000.

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.