Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 474,713 shares, a drop of 38.2% from the September 30th total of 767,868 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 671,095 shares, the short-interest ratio is currently 0.7 days.
Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.3%
Shares of NASDAQ:BSCV opened at $15.94 on Tuesday. The firm’s fifty day moving average is $15.96 and its 200-day moving average is $16.35. Invesco BulletShares 2031 Corporate Bond ETF has a 52 week low of $15.73 and a 52 week high of $16.82.
Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were given a dividend of $0.0650 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.78 annualized dividend and a yield of 4.9%. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0634.
Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the first quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock worth $33,717,000 after purchasing an additional 307,897 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 43.1% in the first quarter. NewEdge Advisors LLC now owns 125,177 shares of the company’s stock valued at $2,060,000 after buying an additional 37,709 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF during the third quarter valued at about $40,945,000. Baird Financial Group Inc. increased its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 6.8% during the second quarter. Baird Financial Group Inc. now owns 1,054,065 shares of the company’s stock worth $17,271,000 after acquiring an additional 66,855 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 10.6% during the first quarter. Royal Bank of Canada now owns 1,382,583 shares of the company’s stock valued at $22,758,000 after buying an additional 132,450 shares during the last quarter.
Invesco BulletShares 2031 Corporate Bond ETF Company Profile
The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.
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