Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Up 54.2% in September

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 308,607 shares, a growth of 54.2% from the September 15th total of 200,114 shares. Based on an average trading volume of 665,830 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

BSCT traded up $0.01 during trading hours on Friday, reaching $18.32. 146,472 shares of the stock traded hands, compared to its average volume of 691,569. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $18.16 and a fifty-two week high of $18.94. The firm’s fifty day simple moving average is $18.39 and its two-hundred day simple moving average is $18.53.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.0688 per share. This represents a $0.83 annualized dividend and a yield of 4.5%. This is a negative change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Legacy Wealth Partners LLC increased its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 11.2% during the 3rd quarter. Legacy Wealth Partners LLC now owns 15,886 shares of the company’s stock valued at $289,000 after purchasing an additional 1,600 shares during the period. Whitener Capital Management Inc. purchased a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF in the third quarter valued at $1,446,000. JM2 Capital Inc. lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 5.2% in the 3rd quarter. JM2 Capital Inc. now owns 39,512 shares of the company’s stock worth $719,000 after acquiring an additional 1,968 shares in the last quarter. XY Planning Network Inc. boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 35.9% during the third quarter. XY Planning Network Inc. now owns 41,996 shares of the company’s stock worth $764,000 after purchasing an additional 11,100 shares during the period. Finally, Krilogy Financial LLC purchased a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 3rd quarter valued at $289,000.

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.