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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 428,300 shares, a growth of 18.6% from the September 30th total of 361,000 shares. Based on an average daily trading volume, of 427,100 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

A number of large investors have recently modified their holdings of BSCT. Key Financial Inc boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 125.1% during the 3rd quarter. Key Financial Inc now owns 26,713 shares of the company’s stock valued at $502,000 after buying an additional 14,845 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 29.3% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 16,629 shares of the company’s stock valued at $313,000 after buying an additional 3,770 shares during the period. Hills Bank & Trust Co lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 116.3% during the 3rd quarter. Hills Bank & Trust Co now owns 828,201 shares of the company’s stock worth $15,578,000 after purchasing an additional 445,291 shares during the last quarter. Stephens Inc. AR raised its position in Invesco BulletShares 2029 Corporate Bond ETF by 90.2% during the third quarter. Stephens Inc. AR now owns 95,258 shares of the company’s stock valued at $1,792,000 after acquiring an additional 45,177 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the third quarter valued at approximately $26,000.

Invesco BulletShares 2029 Corporate Bond ETF Stock Down 0.1 %

NASDAQ:BSCT traded down $0.02 during mid-day trading on Tuesday, reaching $18.45. 476,096 shares of the company were exchanged, compared to its average volume of 342,620. Invesco BulletShares 2029 Corporate Bond ETF has a 12 month low of $17.28 and a 12 month high of $18.96. The company has a fifty day moving average of $18.73 and a 200 day moving average of $18.41.

Invesco BulletShares 2029 Corporate Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a dividend of $0.069 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.83 dividend on an annualized basis and a yield of 4.49%.

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.