Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Significant Increase in Short Interest

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 155,288 shares, an increase of 217.5% from the September 30th total of 48,915 shares. Based on an average daily volume of 393,230 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Bank of New Hampshire bought a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 3rd quarter worth approximately $73,000. Marquette Asset Management LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter valued at $91,000. Davis Capital Management bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter valued at $131,000. Waverly Advisors LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 1st quarter valued at $204,000. Finally, Cypress Financial Planning LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter valued at $216,000.

Invesco BulletShares 2034 Corporate Bond ETF Price Performance

Shares of NASDAQ:BSCY opened at $19.81 on Thursday. The company’s fifty day moving average price is $19.90 and its 200-day moving average price is $20.54. Invesco BulletShares 2034 Corporate Bond ETF has a one year low of $19.43 and a one year high of $21.24.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a $0.0853 dividend. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0809. This represents a $1.02 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, October 19th.

About Invesco BulletShares 2034 Corporate Bond ETF

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.