Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Significant Drop in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the target of a large drop in short interest in June. As of June 30th, there was short interest totalling 71,200 shares, a drop of 23.0% from the June 15th total of 92,500 shares. Based on an average trading volume of 122,800 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several large investors have recently modified their holdings of the stock. Davis Capital Management lifted its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 2,463.2% in the first quarter. Davis Capital Management now owns 2,435 shares of the company’s stock valued at $39,000 after purchasing an additional 2,340 shares in the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the first quarter valued at $42,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the fourth quarter valued at $44,000. Marquette Asset Management LLC purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the fourth quarter valued at $85,000. Finally, Capital Analysts LLC purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the fourth quarter valued at $90,000.

Invesco BulletShares 2031 Corporate Bond ETF Stock Performance

Shares of BSCV traded down $0.05 during trading hours on Monday, hitting $16.19. 128,481 shares of the company were exchanged, compared to its average volume of 138,544. The firm has a fifty day simple moving average of $15.99 and a 200-day simple moving average of $16.03. Invesco BulletShares 2031 Corporate Bond ETF has a one year low of $14.78 and a one year high of $17.85.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.0688 per share. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a $0.83 annualized dividend and a dividend yield of 5.10%.

About Invesco BulletShares 2031 Corporate Bond ETF

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors.