Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Drops By 63.3%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 53,400 shares, a drop of 63.3% from the March 31st total of 145,700 shares. Based on an average trading volume of 303,500 shares, the days-to-cover ratio is currently 0.2 days.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

BSCT traded up $0.03 during trading on Friday, hitting $17.92. The stock had a trading volume of 394,996 shares, compared to its average volume of 302,159. Invesco BulletShares 2029 Corporate Bond ETF has a 12 month low of $17.18 and a 12 month high of $18.58. The company has a 50 day simple moving average of $18.17 and a 200-day simple moving average of $18.08.

Invesco BulletShares 2029 Corporate Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 23rd will be issued a $0.0685 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.82 annualized dividend and a yield of 4.59%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC increased its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 301.8% during the 3rd quarter. Ancora Advisors LLC now owns 1,764 shares of the company’s stock worth $31,000 after purchasing an additional 1,325 shares during the period. Marquette Asset Management LLC bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 4th quarter worth about $77,000. Tennessee Valley Asset Management Partners bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 4th quarter worth about $78,000. Westside Investment Management Inc. bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter worth about $98,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter worth about $114,000.

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.