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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 746,932 shares, a growth of 369.3% from the April 30th total of 159,173 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 541,908 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter worth $32,000. AlphaCore Capital LLC purchased a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter worth $34,000. Rockefeller Capital Management L.P. grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $44,000 after buying an additional 681 shares in the last quarter. Topsail Wealth Management LLC grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 60.0% in the 1st quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock worth $45,000 after buying an additional 900 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% in the 4th quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $59,000 after buying an additional 551 shares in the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

BSCT traded up $0.02 during trading on Friday, hitting $18.61. 514,605 shares of the company traded hands, compared to its average volume of 757,495. The stock’s 50-day simple moving average is $18.64 and its two-hundred day simple moving average is $18.77. Invesco BulletShares 2029 Corporate Bond ETF has a 1 year low of $18.48 and a 1 year high of $18.97.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.0717 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, May 18th. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.