Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Sees Significant Drop in Short Interest

Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 115,200 shares, a drop of 44.0% from the May 31st total of 205,700 shares. Based on an average daily trading volume, of 423,500 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BulletShares 2027 Corporate Bond ETF Price Performance

BSCR remained flat at $19.22 during trading hours on Friday. The company had a trading volume of 322,379 shares, compared to its average volume of 470,441. The stock has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $19.27. Invesco BulletShares 2027 Corporate Bond ETF has a 52-week low of $18.52 and a 52-week high of $19.54.

Invesco BulletShares 2027 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be paid a $0.0717 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $0.86 dividend on an annualized basis and a yield of 4.48%. This is a boost from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Invesco BulletShares 2027 Corporate Bond ETF

Institutional investors have recently made changes to their positions in the company. Davis R M Inc. lifted its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 484.6% in the 4th quarter. Davis R M Inc. now owns 1,246,597 shares of the company’s stock worth $24,253,000 after purchasing an additional 1,033,370 shares during the last quarter. Hills Bank & Trust Co bought a new position in Invesco BulletShares 2027 Corporate Bond ETF in the 4th quarter worth approximately $18,228,000. UBS Group AG increased its position in Invesco BulletShares 2027 Corporate Bond ETF by 48.9% in the 4th quarter. UBS Group AG now owns 2,334,705 shares of the company’s stock worth $45,422,000 after buying an additional 767,101 shares during the period. Wells Fargo & Company MN increased its position in Invesco BulletShares 2027 Corporate Bond ETF by 26.8% in the 4th quarter. Wells Fargo & Company MN now owns 3,481,015 shares of the company’s stock worth $67,723,000 after buying an additional 735,753 shares during the period. Finally, Legacy Financial Group LLC increased its position in Invesco BulletShares 2027 Corporate Bond ETF by 3,148.2% in the 1st quarter. Legacy Financial Group LLC now owns 706,679 shares of the company’s stock worth $13,632,000 after buying an additional 684,923 shares during the period.

Invesco BulletShares 2027 Corporate Bond ETF Company Profile

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors.