Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Sees Significant Decrease in Short Interest

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 137,900 shares, a decline of 70.3% from the August 15th total of 464,000 shares. Based on an average daily trading volume, of 739,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco BulletShares 2024 Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 74.6% during the first quarter. Larson Financial Group LLC now owns 1,461 shares of the company’s stock valued at $31,000 after purchasing an additional 624 shares during the period. Mather Group LLC. grew its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 292.5% during the second quarter. Mather Group LLC. now owns 1,680 shares of the company’s stock valued at $35,000 after acquiring an additional 1,252 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Invesco BulletShares 2024 Corporate Bond ETF during the first quarter worth about $36,000. Unique Wealth Strategies LLC purchased a new stake in shares of Invesco BulletShares 2024 Corporate Bond ETF during the second quarter worth about $36,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Invesco BulletShares 2024 Corporate Bond ETF in the first quarter worth about $50,000.

Invesco BulletShares 2024 Corporate Bond ETF Price Performance

Shares of NASDAQ BSCO remained flat at $21.14 during trading on Thursday. 204,944 shares of the stock traded hands, compared to its average volume of 839,233. The stock has a 50-day moving average of $21.10 and a 200-day moving average of $21.04. Invesco BulletShares 2024 Corporate Bond ETF has a one year low of $20.64 and a one year high of $21.15.

Invesco BulletShares 2024 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were issued a $0.075 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.26%.

Invesco BulletShares 2024 Corporate Bond ETF Company Profile

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade corporate bonds maturing in 2024. The fund will unwind in December 2024 and return all capital and proceeds to investors.