Short Interest in Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Expands By 69.3%

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 334,200 shares, an increase of 69.3% from the September 15th total of 197,400 shares. Based on an average daily volume of 358,200 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several institutional investors have recently made changes to their positions in BSCU. Vima LLC bought a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the 4th quarter valued at approximately $30,000. MONECO Advisors LLC purchased a new stake in shares of Invesco BulletShares 2030 Corporate Bond ETF during the fourth quarter worth about $421,000. Timber Creek Capital Management LLC raised its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 3.1% during the first quarter. Timber Creek Capital Management LLC now owns 49,717 shares of the company’s stock valued at $815,000 after buying an additional 1,501 shares during the last quarter. Davis Capital Management grew its stake in Invesco BulletShares 2030 Corporate Bond ETF by 63.3% during the first quarter. Davis Capital Management now owns 11,485 shares of the company’s stock valued at $187,000 after acquiring an additional 4,452 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in Invesco BulletShares 2030 Corporate Bond ETF in the 1st quarter valued at $747,000.

Invesco BulletShares 2030 Corporate Bond ETF Price Performance

Shares of NASDAQ BSCU traded up $0.02 during midday trading on Friday, hitting $16.76. 145,880 shares of the stock traded hands, compared to its average volume of 288,873. Invesco BulletShares 2030 Corporate Bond ETF has a one year low of $15.19 and a one year high of $17.14. The firm has a 50-day moving average of $16.86 and a two-hundred day moving average of $16.48.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.061 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.37%.

About Invesco BulletShares 2030 Corporate Bond ETF

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.