Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Large Increase in Short Interest

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 361,000 shares, a growth of 175.6% from the September 15th total of 131,000 shares. Based on an average daily volume of 389,900 shares, the short-interest ratio is currently 0.9 days.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

BSCT stock traded up $0.03 during midday trading on Friday, hitting $18.67. 258,792 shares of the stock were exchanged, compared to its average volume of 335,453. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $17.18 and a fifty-two week high of $18.96. The stock’s 50-day moving average price is $18.73 and its 200-day moving average price is $18.38.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.069 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.83 annualized dividend and a dividend yield of 4.43%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF in the third quarter valued at about $204,000. Novare Capital Management LLC lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 6.5% in the 3rd quarter. Novare Capital Management LLC now owns 153,955 shares of the company’s stock valued at $2,896,000 after buying an additional 9,368 shares in the last quarter. Oliver Luxxe Assets LLC grew its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 4.3% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 104,617 shares of the company’s stock valued at $1,968,000 after buying an additional 4,319 shares during the last quarter. Carnegie Investment Counsel increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 8.6% during the third quarter. Carnegie Investment Counsel now owns 141,333 shares of the company’s stock worth $2,658,000 after buying an additional 11,208 shares in the last quarter. Finally, CRA Financial Services LLC raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 34.2% in the third quarter. CRA Financial Services LLC now owns 16,783 shares of the company’s stock worth $316,000 after acquiring an additional 4,275 shares during 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.