Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Large Increase in Short Interest

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 40,000 shares, an increase of 578.0% from the February 13th total of 5,900 shares. Based on an average daily volume of 94,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth about $30,128,000. Strategic Financial Concepts LLC bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth about $14,421,000. Cookson Peirce & Co. Inc. bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth about $9,991,000. Invesco Ltd. bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth about $9,971,000. Finally, BCS Wealth Management raised its position in Invesco BulletShares 2034 Corporate Bond ETF by 238.6% in the fourth quarter. BCS Wealth Management now owns 217,790 shares of the company’s stock worth $4,403,000 after acquiring an additional 153,463 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

Invesco BulletShares 2034 Corporate Bond ETF stock opened at $20.36 on Thursday. Invesco BulletShares 2034 Corporate Bond ETF has a fifty-two week low of $19.85 and a fifty-two week high of $21.36. The firm’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $20.57.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were given a $0.0754 dividend. This is a positive change from Invesco BulletShares 2034 Corporate Bond ETF’s previous dividend of $0.07. The ex-dividend date was Monday, February 24th.

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.