Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Short Interest Up 79.2% in July

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 271,600 shares, an increase of 79.2% from the June 30th total of 151,600 shares. Based on an average daily trading volume, of 299,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 7.0% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,084,022 shares of the company’s stock valued at $38,648,000 after buying an additional 136,901 shares during the period. Eastern Bank lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 1.3% during the 2nd quarter. Eastern Bank now owns 1,685,685 shares of the company’s stock worth $30,612,000 after purchasing an additional 21,927 shares during the period. Jane Street Group LLC boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 67.8% during the first quarter. Jane Street Group LLC now owns 1,641,673 shares of the company’s stock worth $30,043,000 after purchasing an additional 663,356 shares during the last quarter. Raymond James & Associates grew its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 96.3% in the second quarter. Raymond James & Associates now owns 1,491,090 shares of the company’s stock valued at $27,078,000 after purchasing an additional 731,566 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Invesco BulletShares 2029 Corporate Bond ETF by 41.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,291,587 shares of the company’s stock valued at $23,952,000 after purchasing an additional 377,277 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

Invesco BulletShares 2029 Corporate Bond ETF stock traded up $0.06 during mid-day trading on Friday, hitting $18.36. 287,268 shares of the company were exchanged, compared to its average volume of 301,821. Invesco BulletShares 2029 Corporate Bond ETF has a 12-month low of $17.18 and a 12-month high of $18.58. The business’s 50 day simple moving average is $18.23 and its two-hundred day simple moving average is $18.22.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 22nd were issued a $0.074 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 4.84%. 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, July 22nd.

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.