Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Short Interest Up 369.3% in May

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 746,932 shares, a growth of 369.3% from the April 30th total of 159,173 shares. Based on an average daily volume of 541,908 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company’s stock are sold short.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

Shares of NASDAQ BSCT opened at $18.59 on Friday. The business’s 50-day moving average price is $18.65 and its two-hundred day moving average price is $18.77. Invesco BulletShares 2029 Corporate Bond ETF has a one year low of $18.48 and a one year high of $18.97.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.0717 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, May 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BSCT. PNC Financial Services Group Inc. purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the fourth quarter valued at about $32,000. AlphaCore Capital LLC purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the fourth quarter valued at about $34,000. Rockefeller Capital Management L.P. grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 41.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock valued at $44,000 after purchasing an additional 681 shares in the last quarter. Topsail Wealth Management LLC grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 60.0% in the first quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock valued at $45,000 after purchasing an additional 900 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 21.5% in the fourth quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $59,000 after purchasing an additional 551 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.