Short Interest in Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Decreases By 52.3%

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 92,500 shares, a drop of 52.3% from the May 31st total of 193,800 shares. Based on an average daily volume of 118,000 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Hedge funds have recently modified their holdings of the company. Davis Capital Management increased its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 2,463.2% in the first quarter. Davis Capital Management now owns 2,435 shares of the company’s stock valued at $39,000 after acquiring an additional 2,340 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 1st quarter valued at about $42,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 4th quarter valued at about $44,000. Marquette Asset Management LLC bought a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 4th quarter valued at about $85,000. Finally, Capital Analysts LLC bought a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 4th quarter valued at about $90,000.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

NASDAQ:BSCV traded down $0.06 during trading hours on Friday, reaching $15.95. The company’s stock had a trading volume of 179,277 shares, compared to its average volume of 127,209. The firm has a 50-day simple moving average of $15.92 and a 200-day simple moving average of $16.05. Invesco BulletShares 2031 Corporate Bond ETF has a 1 year low of $14.78 and a 1 year high of $17.85.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.0688 dividend. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 5.17%.

About Invesco BulletShares 2031 Corporate Bond ETF

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors.