Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sees Significant Growth in Short Interest

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 471,200 shares, an increase of 54.7% from the February 28th total of 304,500 shares. Based on an average daily trading volume, of 667,800 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Topsail Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter valued at about $27,000. ORG Partners LLC purchased a new position in Invesco BulletShares 2028 Corporate Bond ETF in the 4th quarter worth approximately $34,000. Community Bank N.A. grew its position in Invesco BulletShares 2028 Corporate Bond ETF by 293.0% in the fourth quarter. Community Bank N.A. now owns 3,085 shares of the company’s stock valued at $62,000 after acquiring an additional 2,300 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 24.0% during the fourth quarter. AdvisorNet Financial Inc now owns 4,991 shares of the company’s stock valued at $100,000 after purchasing an additional 966 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the third quarter valued at $106,000.

Invesco BulletShares 2028 Corporate Bond ETF Price Performance

Invesco BulletShares 2028 Corporate Bond ETF stock opened at $20.35 on Tuesday. The firm has a fifty day moving average of $20.26 and a 200-day moving average of $20.29. Invesco BulletShares 2028 Corporate Bond ETF has a 52-week low of $19.65 and a 52-week high of $20.70.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0752 dividend. This is an increase from Invesco BulletShares 2028 Corporate Bond ETF’s previous dividend of $0.07. The ex-dividend date was Monday, March 24th.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.