Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Shares Shorted: Short Interest Up 130.3% in October

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 710,653 shares, a growth of 130.3% from the September 30th total of 308,607 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 967,830 shares, the days-to-cover ratio is presently 0.7 days.

Invesco BulletShares 2029 Corporate Bond ETF Stock Up 0.1%

Shares of Invesco BulletShares 2029 Corporate Bond ETF stock traded up $0.02 during trading on Friday, reaching $18.32. 1,275,677 shares of the company traded hands, compared to its average volume of 708,770. Invesco BulletShares 2029 Corporate Bond ETF has a 1-year low of $18.16 and a 1-year high of $18.94. The company has a 50 day moving average price of $18.33 and a 200-day moving average price of $18.58.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were paid a $0.0703 dividend. This represents a $0.84 annualized dividend and a yield of 4.6%. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0688. The ex-dividend date of this dividend was Monday, October 19th.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Institutional investors have recently made changes to their positions in the stock. Parr Mcknight Wealth Management Group LLC lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 3.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 346,594 shares of the company’s stock valued at $6,308,000 after acquiring an additional 12,875 shares in the last quarter. NorthAvenue LLC boosted its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 3.2% during the 3rd quarter. NorthAvenue LLC now owns 278,081 shares of the company’s stock worth $5,061,000 after acquiring an additional 8,666 shares during the last quarter. Pinnacle Financial Group LLC IL boosted its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 48.5% during the 3rd quarter. Pinnacle Financial Group LLC IL now owns 31,430 shares of the company’s stock worth $572,000 after acquiring an additional 10,270 shares during the last quarter. SFE Investment Counsel bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 3rd quarter worth $7,006,000. Finally, Aprio Wealth Management LLC grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 11.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 41,484 shares of the company’s stock worth $755,000 after acquiring an additional 4,332 shares in the last quarter.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.