Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Significant Drop in Short Interest

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 10,200 shares, a drop of 74.5% from the February 28th total of 40,000 shares. Based on an average daily volume of 89,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Marquette Asset Management LLC raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 1,701.1% during the 4th quarter. Marquette Asset Management LLC now owns 3,278 shares of the company’s stock worth $66,000 after purchasing an additional 3,096 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth approximately $97,000. Avior Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth approximately $99,000. Truist Financial Corp bought a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter worth approximately $218,000. Finally, Yarger Wealth Strategies LLC acquired a new position in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter valued at approximately $221,000.

Invesco BulletShares 2034 Corporate Bond ETF Stock Down 0.1 %

NASDAQ:BSCY opened at $20.31 on Friday. The stock’s fifty day moving average price is $20.38 and its two-hundred day moving average price is $20.54. Invesco BulletShares 2034 Corporate Bond ETF has a 52-week low of $19.85 and a 52-week high of $21.36.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0835 per share. The ex-dividend date is Monday, March 24th. This is an increase from Invesco BulletShares 2034 Corporate Bond ETF’s previous dividend of $0.08.

About Invesco BulletShares 2034 Corporate Bond ETF

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.