Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Short Interest Update

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 83,800 shares, an increase of 71.0% from the August 31st total of 49,000 shares. Based on an average daily volume of 405,500 shares, the days-to-cover ratio is currently 0.2 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

Shares of NASDAQ BSCS traded up $0.05 during trading hours on Friday, reaching $20.61. 321,843 shares of the stock traded hands, compared to its average volume of 425,428. The company’s 50-day simple moving average is $20.43 and its two-hundred day simple moving average is $20.12. Invesco BulletShares 2028 Corporate Bond ETF has a 52-week low of $19.07 and a 52-week high of $20.70.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.075 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.90 annualized dividend and a yield of 4.37%.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSCS. UBS Group AG grew its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 109.3% during the 4th quarter. UBS Group AG now owns 1,304,148 shares of the company’s stock valued at $26,448,000 after buying an additional 681,080 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 393.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 223,811 shares of the company’s stock worth $4,539,000 after buying an additional 178,496 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in Invesco BulletShares 2028 Corporate Bond ETF in the 4th quarter worth approximately $1,981,000. Stifel Financial Corp boosted its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 9.0% in the fourth quarter. Stifel Financial Corp now owns 448,042 shares of the company’s stock worth $9,086,000 after buying an additional 36,862 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 10.1% in the 4th quarter. Oliver Luxxe Assets LLC now owns 108,065 shares of the company’s stock valued at $2,192,000 after purchasing an additional 9,949 shares in the last quarter.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.