Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Sees Large Increase in Short Interest

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 627,400 shares, a growth of 184.3% from the October 15th total of 220,700 shares. Based on an average trading volume of 774,600 shares, the days-to-cover ratio is presently 0.8 days.

Invesco BulletShares 2024 Corporate Bond ETF Price Performance

Shares of Invesco BulletShares 2024 Corporate Bond ETF stock remained flat at $21.16 on Thursday. 562,383 shares of the stock traded hands, compared to its average volume of 843,296. The firm has a 50-day moving average of $21.14 and a 200-day moving average of $21.09. Invesco BulletShares 2024 Corporate Bond ETF has a 1-year low of $20.75 and a 1-year high of $21.18.

Invesco BulletShares 2024 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a dividend of $0.082 per share. This is a boost from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.65%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Secure Asset Management LLC lifted its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 3.4% during the 2nd quarter. Secure Asset Management LLC now owns 108,353 shares of the company’s stock valued at $2,282,000 after buying an additional 3,597 shares in the last quarter. Lantz Financial LLC increased its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 3.5% in the 2nd quarter. Lantz Financial LLC now owns 223,478 shares of the company’s stock valued at $4,706,000 after acquiring an additional 7,497 shares during the last quarter. Sensible Money LLC increased its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 1.4% in the 2nd quarter. Sensible Money LLC now owns 42,012 shares of the company’s stock valued at $885,000 after acquiring an additional 570 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 40.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 19,054 shares of the company’s stock valued at $401,000 after acquiring an additional 5,527 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 292.5% in the 2nd quarter. Mather Group LLC. now owns 1,680 shares of the company’s stock valued at $35,000 after acquiring an additional 1,252 shares during the last quarter.

About Invesco BulletShares 2024 Corporate Bond ETF

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade corporate bonds maturing in 2024. The fund will unwind in December 2024 and return all capital and proceeds to investors.