Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Down 72.5% in October

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 195,212 shares, a decrease of 72.5% from the October 15th total of 710,653 shares. Based on an average daily volume of 956,642 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors have recently modified their holdings of the business. Kinetic Wealth Investment Advisors LLC bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the second quarter worth $3,275,000. Lido Advisors LLC purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the third quarter worth $102,179,000. Goepper Burkhardt LLC grew its stake in 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 valued at $12,387,000 after purchasing an additional 35,584 shares during the period. Kintra Wealth LLC grew its stake in 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 valued at $4,948,000 after purchasing an additional 63,492 shares during the period. Finally, Davis R M Inc. grew its stake in 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 purchasing an additional 240,406 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

NASDAQ:BSCT remained flat at $18.25 on Friday. 724,204 shares of the company’s stock traded hands, compared to its average volume of 716,164. Invesco BulletShares 2029 Corporate Bond ETF has a 52-week low of $18.16 and a 52-week high of $18.94. The firm’s 50-day simple moving average is $18.29 and its two-hundred day simple moving average is $18.56.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

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

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.