Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Significant Growth in Short Interest

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 308,607 shares, a growth of 54.2% from the September 15th total of 200,114 shares. Based on an average daily volume of 665,830 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Aspen Investment Management Inc boosted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 0.4% in the first quarter. Aspen Investment Management Inc now owns 151,230 shares of the company’s stock valued at $2,822,000 after buying an additional 575 shares in the last quarter. Waverly Advisors LLC raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 2.4% during the first quarter. Waverly Advisors LLC now owns 25,868 shares of the company’s stock worth $483,000 after acquiring an additional 611 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 41.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $44,000 after acquiring an additional 681 shares in the last quarter. Western Wealth Management LLC raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 3.2% during the first quarter. Western Wealth Management LLC now owns 22,355 shares of the company’s stock worth $417,000 after acquiring an additional 700 shares in the last quarter. Finally, Insight Wealth Partners LLC lifted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.8% in the second quarter. Insight Wealth Partners LLC now owns 29,677 shares of the company’s stock worth $551,000 after acquiring an additional 802 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

NASDAQ BSCT opened at $18.32 on Friday. The business has a fifty day moving average price of $18.38 and a two-hundred day moving average price of $18.52. 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 firm also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0688 per share. This is a decrease from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.5%.

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.