Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Up 130.3% in October

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 710,653 shares, an increase of 130.3% from the September 30th total of 308,607 shares. Based on an average daily trading volume, of 967,830 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

Shares of BSCT traded up $0.03 during mid-day trading on Friday, hitting $18.32. The stock had a trading volume of 1,013,283 shares, compared to its average volume of 706,707. The company’s fifty day simple moving average is $18.33 and its two-hundred day simple moving average is $18.59. 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 Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a dividend of $0.0703 per share. This represents a $0.84 annualized dividend and a yield of 4.6%. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0688. The ex-dividend date was Monday, October 19th.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Kinetic Wealth Investment Advisors LLC bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the second quarter valued at $3,275,000. Goepper Burkhardt LLC lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 5.7% in the 1st quarter. Goepper Burkhardt LLC now owns 663,826 shares of the company’s stock worth $12,387,000 after buying an additional 35,584 shares during the last quarter. Kintra Wealth LLC lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 31.3% in the 2nd quarter. Kintra Wealth LLC now owns 266,234 shares of the company’s stock worth $4,948,000 after buying an additional 63,492 shares during the last quarter. Paradiem LLC acquired a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 1st quarter valued at about $7,686,000. Finally, Davis R M Inc. boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.7% in the 1st quarter. Davis R M Inc. now owns 975,287 shares of the company’s stock valued at $18,199,000 after buying an additional 240,406 shares during the period.

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.