Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) Short Interest Up 413.2% in February

Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 584,836 shares, an increase of 413.2% from the January 29th total of 113,957 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 410,125 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 410,125 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.9% of the shares of the stock are sold short.

Institutional Trading of Invesco BulletShares 2032 Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in BSCW. Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2032 Corporate Bond ETF by 24.1% in the first quarter. Royal Bank of Canada now owns 290,152 shares of the company’s stock valued at $5,910,000 after buying an additional 56,362 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Invesco BulletShares 2032 Corporate Bond ETF by 20.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,400 shares of the company’s stock worth $334,000 after acquiring an additional 2,808 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Invesco BulletShares 2032 Corporate Bond ETF by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,913 shares of the company’s stock valued at $1,420,000 after acquiring an additional 2,953 shares during the period. First Command Advisory Services Inc. increased its position in Invesco BulletShares 2032 Corporate Bond ETF by 15.6% in the 2nd quarter. First Command Advisory Services Inc. now owns 9,163 shares of the company’s stock valued at $189,000 after acquiring an additional 1,235 shares during the period. Finally, Clark Asset Management LLC raised its stake in shares of Invesco BulletShares 2032 Corporate Bond ETF by 17.7% during the second quarter. Clark Asset Management LLC now owns 258,143 shares of the company’s stock valued at $5,318,000 after acquiring an additional 38,735 shares during the last quarter.

Invesco BulletShares 2032 Corporate Bond ETF Stock Performance

Shares of NASDAQ BSCW remained flat at $21.00 during mid-day trading on Wednesday. The company had a trading volume of 188,097 shares, compared to its average volume of 386,262. The company has a 50 day moving average price of $20.91 and a 200-day moving average price of $20.89. Invesco BulletShares 2032 Corporate Bond ETF has a 52 week low of $19.62 and a 52 week high of $21.66.

Invesco BulletShares 2032 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be issued a $0.0792 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, February 23rd.

About Invesco BulletShares 2032 Corporate Bond ETF

The Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 2032. BSCW was launched on Sep 8, 2022 and is managed by Invesco.