Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Short Interest Up 58.5% in June

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 65,600 shares, an increase of 58.5% from the May 31st total of 41,400 shares. Based on an average daily volume of 282,700 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

Shares of NASDAQ BSCT traded down $0.02 during mid-day trading on Friday, reaching $18.16. 333,276 shares of the company’s stock were exchanged, compared to its average volume of 298,593. Invesco BulletShares 2029 Corporate Bond ETF has a 52-week low of $17.18 and a 52-week high of $18.58. The company’s 50-day moving average is $18.13 and its 200-day moving average is $18.24.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.0722 per share. This represents a $0.87 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Monday, June 24th.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds have recently bought and sold shares of BSCT. Cetera Advisors LLC raised its position in Invesco BulletShares 2029 Corporate Bond ETF by 16.6% in the 1st quarter. Cetera Advisors LLC now owns 21,152 shares of the company’s stock valued at $387,000 after purchasing an additional 3,016 shares in the last quarter. Comerica Bank grew its stake in Invesco BulletShares 2029 Corporate Bond ETF by 261.9% during the 1st quarter. Comerica Bank now owns 13,616 shares of the company’s stock worth $249,000 after buying an additional 9,854 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 67.8% in the 1st quarter. Jane Street Group LLC now owns 1,641,673 shares of the company’s stock valued at $30,043,000 after purchasing an additional 663,356 shares during the last quarter. Goepper Burkhardt LLC grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 18.0% in the 1st quarter. Goepper Burkhardt LLC now owns 271,350 shares of the company’s stock valued at $4,914,000 after purchasing an additional 41,400 shares during the last quarter. Finally, Davis R M Inc. grew its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 134.8% in the 1st quarter. Davis R M Inc. now owns 69,825 shares of the company’s stock valued at $1,278,000 after purchasing an additional 40,082 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.