Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Rises By 209.9%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 536,362 shares, an increase of 209.9% from the June 30th total of 173,068 shares. Based on an average daily trading volume, of 572,378 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are sold short.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

Shares of BSCT opened at $18.45 on Monday. Invesco BulletShares 2029 Corporate Bond ETF has a one year low of $18.42 and a one year high of $18.97. The company has a 50-day simple moving average of $18.57 and a two-hundred day simple moving average of $18.70.

Invesco BulletShares 2029 Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a $0.0701 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the first quarter valued at approximately $8,555,000. JPMorgan Chase & Co. grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 200.4% in the second quarter. JPMorgan Chase & Co. now owns 268,490 shares of the company’s stock worth $5,021,000 after purchasing an additional 179,107 shares during the period. Invesco Ltd. raised its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 18.5% in the second quarter. Invesco Ltd. now owns 2,536,166 shares of the company’s stock worth $47,426,000 after purchasing an additional 395,428 shares in the last quarter. Brown Advisory Inc. bought a new position in Invesco BulletShares 2029 Corporate Bond ETF in the second quarter worth $303,000. Finally, Raymond James Financial Inc. lifted its position in Invesco BulletShares 2029 Corporate Bond ETF by 9.2% during the second quarter. Raymond James Financial Inc. now owns 4,403,485 shares of the company’s stock valued at $82,345,000 after buying an additional 371,271 shares during the period.

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.