Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sees Large Decline in Short Interest

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 318,808 shares, a drop of 51.3% from the December 31st total of 654,333 shares. Based on an average daily volume of 1,051,799 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,051,799 shares, the days-to-cover ratio is currently 0.3 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.0%

NASDAQ BSCS opened at $20.59 on Friday. Invesco BulletShares 2028 Corporate Bond ETF has a 1-year low of $20.07 and a 1-year high of $20.69. The firm’s fifty day simple moving average is $20.59 and its 200-day simple moving average is $20.57.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0746 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 5,728,492 shares of the company’s stock valued at $117,835,000 after purchasing an additional 225,246 shares during the period. Lido Advisors LLC lifted its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 4.5% in the second quarter. Lido Advisors LLC now owns 5,274,692 shares of the company’s stock valued at $108,078,000 after buying an additional 226,487 shares during the period. TruWealth Advisors LLC grew its position in Invesco BulletShares 2028 Corporate Bond ETF by 2.1% during the fourth quarter. TruWealth Advisors LLC now owns 4,476,284 shares of the company’s stock worth $92,211,000 after buying an additional 91,181 shares in the last quarter. UBS Group AG increased its stake in Invesco BulletShares 2028 Corporate Bond ETF by 20.9% during the fourth quarter. UBS Group AG now owns 3,689,750 shares of the company’s stock valued at $76,009,000 after acquiring an additional 637,805 shares during the period. Finally, Bank of America Corp DE increased its stake in Invesco BulletShares 2028 Corporate Bond ETF by 3.6% during the third quarter. Bank of America Corp DE now owns 3,488,563 shares of the company’s stock valued at $71,760,000 after acquiring an additional 120,625 shares during the period.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.