Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Stock Short Interest Falls 36.8%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 200,114 shares, a decline of 36.8% from the August 31st total of 316,702 shares. Based on an average trading volume of 926,390 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in Invesco BulletShares 2029 Corporate Bond ETF by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock valued at $42,258,000 after buying an additional 147,973 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 9.2% during the second quarter. Anchor Investment Management LLC now owns 1,243,500 shares of the company’s stock worth $23,098,000 after buying an additional 104,382 shares in the last quarter. Van Hulzen Asset Management LLC acquired a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the second quarter worth $187,000. Insight Wealth Partners LLC lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.8% in the 2nd quarter. Insight Wealth Partners LLC now owns 29,677 shares of the company’s stock valued at $551,000 after acquiring an additional 802 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 17.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 160,831 shares of the company’s stock valued at $2,987,000 after acquiring an additional 24,034 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Trading Down 0.2%

NASDAQ:BSCT opened at $18.20 on Friday. The stock has a fifty day moving average price of $18.43 and a 200-day moving average price of $18.55. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $18.16 and a fifty-two week high of $18.94.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0688 per share. The ex-dividend date was Monday, September 21st. This represents a $0.83 annualized dividend and a dividend yield of 4.5%. This is a negative change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702.

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.