Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Significant Drop in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 312,204 shares, a decrease of 46.2% from the April 30th total of 580,120 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 490,654 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BSCV. AlphaCore Capital LLC bought a new position in Invesco BulletShares 2031 Corporate Bond ETF during the 4th quarter worth about $33,000. Ascentis Independent Advisors bought a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the 1st quarter valued at about $35,000. Farther Finance Advisors LLC lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 248.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,439 shares of the company’s stock worth $41,000 after purchasing an additional 1,739 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF during the fourth quarter valued at approximately $50,000. Finally, Advisory Services Network LLC purchased a new position in Invesco BulletShares 2031 Corporate Bond ETF during the third quarter valued at approximately $92,000.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.2%

Shares of NASDAQ BSCV traded down $0.03 during midday trading on Wednesday, hitting $16.39. The company’s stock had a trading volume of 132,396 shares, compared to its average volume of 574,576. Invesco BulletShares 2031 Corporate Bond ETF has a 12-month low of $16.23 and a 12-month high of $17.04. The business’s 50 day moving average is $16.46 and its two-hundred day moving average is $16.61.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were given a dividend of $0.066 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Monday, May 18th.

About Invesco BulletShares 2031 Corporate Bond ETF

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.