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

Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 73,300 shares, a drop of 13.0% from the August 15th total of 84,300 shares. Based on an average daily trading volume, of 473,300 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2027 Corporate Bond ETF Price Performance

NASDAQ:BSCR traded down $0.01 during trading hours on Tuesday, hitting $19.80. 407,956 shares of the stock were exchanged, compared to its average volume of 480,818. The firm’s fifty day moving average price is $19.54 and its 200 day moving average price is $19.33. Invesco BulletShares 2027 Corporate Bond ETF has a 52-week low of $18.52 and a 52-week high of $19.82.

Invesco BulletShares 2027 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were paid a $0.074 dividend. This is an increase from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a yield of 4.48%. The ex-dividend date was Monday, August 19th.

Institutional Investors Weigh In On Invesco BulletShares 2027 Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSCR. LPL Financial LLC lifted its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 2.6% in the second quarter. LPL Financial LLC now owns 3,683,508 shares of the company’s stock worth $70,797,000 after buying an additional 92,505 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invesco BulletShares 2027 Corporate Bond ETF by 26.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,481,015 shares of the company’s stock valued at $67,723,000 after purchasing an additional 735,753 shares during the last quarter. UBS Group AG lifted its position in Invesco BulletShares 2027 Corporate Bond ETF by 48.9% during the fourth 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 in the last quarter. Hills Bank & Trust Co boosted its stake in Invesco BulletShares 2027 Corporate Bond ETF by 14.3% during the second quarter. Hills Bank & Trust Co now owns 2,260,693 shares of the company’s stock worth $43,451,000 after buying an additional 282,557 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Invesco BulletShares 2027 Corporate Bond ETF by 78.6% during the 2nd quarter. Raymond James & Associates now owns 2,036,951 shares of the company’s stock valued at $39,150,000 after acquiring an additional 896,186 shares during the last quarter.

About Invesco BulletShares 2027 Corporate Bond ETF

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.