Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Short Interest Up 109.4% in October

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 538,100 shares, an increase of 109.4% from the October 15th total of 257,000 shares. Based on an average daily volume of 453,500 shares, the days-to-cover ratio is presently 1.2 days.

Invesco BulletShares 2028 Corporate Bond ETF Trading Up 0.1 %

Shares of NASDAQ BSCS traded up $0.02 during mid-day trading on Friday, reaching $20.21. 486,365 shares of the company’s stock were exchanged, compared to its average volume of 435,126. The firm has a 50-day moving average price of $20.43 and a two-hundred day moving average price of $20.22. Invesco BulletShares 2028 Corporate Bond ETF has a 52 week low of $19.55 and a 52 week high of $20.70.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a $0.076 dividend. This is a positive change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, October 21st. This represents a $0.91 annualized dividend and a yield of 4.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TruWealth Advisors LLC increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 1.2% during the 3rd quarter. TruWealth Advisors LLC now owns 2,746,958 shares of the company’s stock worth $56,478,000 after purchasing an additional 32,976 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 77.8% during the first quarter. Avantax Advisory Services Inc. now owns 77,008 shares of the company’s stock valued at $1,546,000 after purchasing an additional 33,706 shares during the period. Cetera Investment Advisers increased its position in Invesco BulletShares 2028 Corporate Bond ETF by 2.1% in the second quarter. Cetera Investment Advisers now owns 59,745 shares of the company’s stock worth $1,192,000 after buying an additional 1,220 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 37.0% in the first quarter. Kingsview Wealth Management LLC now owns 14,789 shares of the company’s stock valued at $297,000 after buying an additional 3,991 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 96.6% during the 2nd quarter. Raymond James & Associates now owns 1,732,471 shares of the company’s stock valued at $34,563,000 after buying an additional 851,195 shares during the last quarter.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.