Short Interest in Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Increases By 214.7%

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 115,070 shares, an increase of 214.7% from the May 31st total of 36,569 shares. Based on an average daily volume of 115,745 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Invesco BulletShares 2034 Corporate Bond ETF by 59.5% in the 1st quarter. Royal Bank of Canada now owns 74,972 shares of the company’s stock valued at $1,536,000 after acquiring an additional 27,960 shares during the period. HUB Investment Partners LLC raised its position in Invesco BulletShares 2034 Corporate Bond ETF by 95.3% during the second quarter. HUB Investment Partners LLC now owns 70,769 shares of the company’s stock worth $1,468,000 after acquiring an additional 34,540 shares during the period. Raymond James Financial Inc. lifted its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 7.9% during the second quarter. Raymond James Financial Inc. now owns 2,003,972 shares of the company’s stock valued at $41,582,000 after purchasing an additional 145,867 shares in the last quarter. Jane Street Group LLC purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF during the second quarter valued at $3,242,000. Finally, Bank of America Corp DE grew its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 75.1% in the second quarter. Bank of America Corp DE now owns 65,993 shares of the company’s stock valued at $1,369,000 after purchasing an additional 28,312 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

BSCY stock traded up $0.02 during mid-day trading on Friday, reaching $20.73. 73,593 shares of the company’s stock were exchanged, compared to its average volume of 146,429. The stock’s 50 day moving average is $20.70 and its 200 day moving average is $20.88. Invesco BulletShares 2034 Corporate Bond ETF has a 12-month low of $20.35 and a 12-month high of $21.29.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.0881 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.