Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Significant Growth in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 770,008 shares, an increase of 81.9% from the July 30th total of 423,307 shares. Based on an average daily trading volume, of 417,719 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.7% of the company’s stock are sold short.

Invesco BulletShares 2031 Corporate Bond ETF Stock Down 0.4%

Shares of NASDAQ BSCV traded down $0.06 during midday trading on Friday, reaching $16.18. 409,821 shares of the company’s stock were exchanged, compared to its average volume of 528,146. Invesco BulletShares 2031 Corporate Bond ETF has a 52-week low of $16.16 and a 52-week high of $17.04. The business’s fifty day moving average price is $16.30 and its two-hundred day moving average price is $16.45.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.0672 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 5.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock valued at $174,521,000 after buying an additional 541,413 shares in the last quarter. Moneco Advisors LLC lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 8.7% in the 4th quarter. Moneco Advisors LLC now owns 1,367,029 shares of the company’s stock worth $22,823,000 after buying an additional 109,751 shares during the last quarter. SFE Investment Counsel lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 57.4% in the 4th quarter. SFE Investment Counsel now owns 91,362 shares of the company’s stock worth $1,525,000 after buying an additional 33,315 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 17.7% in the 1st quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock valued at $33,717,000 after buying an additional 307,897 shares during the period. Finally, Clearstead Advisors LLC grew its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 431.7% during the 4th quarter. Clearstead Advisors LLC now owns 71,450 shares of the company’s stock valued at $1,193,000 after buying an additional 58,011 shares during the last quarter.

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. BSCV was launched on Sep 15, 2021 and is managed by Invesco.