Short Interest in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Drops By 63.3%

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 53,400 shares, a decrease of 63.3% from the March 31st total of 145,700 shares. Based on an average daily volume of 303,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 7.0% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,084,022 shares of the company’s stock valued at $38,648,000 after acquiring an additional 136,901 shares during the last quarter. Eastern Bank increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 0.5% during the fourth quarter. Eastern Bank now owns 1,547,955 shares of the company’s stock worth $28,707,000 after acquiring an additional 7,655 shares during the period. Wells Fargo & Company MN increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,291,587 shares of the company’s stock worth $23,952,000 after acquiring an additional 377,277 shares during the period. Avior Wealth Management LLC increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 2,883.4% during the fourth quarter. Avior Wealth Management LLC now owns 976,989 shares of the company’s stock worth $18,118,000 after acquiring an additional 944,242 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 52.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 894,991 shares of the company’s stock worth $16,598,000 after acquiring an additional 308,974 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

BSCT traded up $0.03 during trading hours on Friday, hitting $17.92. 394,996 shares of the company’s stock were exchanged, compared to its average volume of 302,159. The stock’s 50-day moving average is $18.17 and its two-hundred day moving average is $18.08. Invesco BulletShares 2029 Corporate Bond ETF has a 1-year low of $17.18 and a 1-year high of $18.58.

Invesco BulletShares 2029 Corporate Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 23rd will be paid a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, April 22nd.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.