Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Significant Increase in Short Interest

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 591,200 shares, a growth of 41.5% from the February 13th total of 417,800 shares. Based on an average daily volume of 745,300 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Trading of Invesco BulletShares 2030 Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Invesco BulletShares 2030 Corporate Bond ETF during the fourth quarter worth approximately $62,324,000. Aptus Capital Advisors LLC grew its position in Invesco BulletShares 2030 Corporate Bond ETF by 97.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 6,625,611 shares of the company’s stock worth $108,461,000 after purchasing an additional 3,274,683 shares during the last quarter. TruWealth Advisors LLC grew its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 380.8% in the 4th quarter. TruWealth Advisors LLC now owns 3,278,163 shares of the company’s stock valued at $53,664,000 after purchasing an additional 2,596,320 shares during the last quarter. Hills Bank & Trust Co boosted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 8,252.6% in the fourth quarter. Hills Bank & Trust Co now owns 1,698,495 shares of the company’s stock valued at $27,804,000 after acquiring an additional 1,678,160 shares in the last quarter. Finally, Motley Fool Wealth Management LLC boosted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 58.2% in the fourth quarter. Motley Fool Wealth Management LLC now owns 2,077,358 shares of the company’s stock valued at $33,955,000 after buying an additional 764,539 shares in the last quarter.

Invesco BulletShares 2030 Corporate Bond ETF Stock Down 0.2 %

Shares of BSCU traded down $0.03 during trading hours on Friday, hitting $16.50. 299,343 shares of the stock were exchanged, compared to its average volume of 415,871. The stock’s 50-day moving average price is $16.44 and its two-hundred day moving average price is $16.58. Invesco BulletShares 2030 Corporate Bond ETF has a 12-month low of $15.89 and a 12-month high of $17.13.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a $0.0615 dividend. This is a positive change from Invesco BulletShares 2030 Corporate Bond ETF’s previous dividend of $0.06. The ex-dividend date was Monday, February 24th.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

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.