Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Short Interest Down 26.3% in October

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 257,000 shares, a decline of 26.3% from the September 30th total of 348,800 shares. Based on an average daily trading volume, of 442,700 shares, the short-interest ratio is presently 0.6 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Down 0.1 %

Invesco BulletShares 2028 Corporate Bond ETF stock traded down $0.03 during trading hours on Monday, hitting $20.25. 364,691 shares of the stock traded hands, compared to its average volume of 427,304. Invesco BulletShares 2028 Corporate Bond ETF has a 1 year low of $19.17 and a 1 year high of $20.70. The firm’s 50 day moving average price is $20.49 and its 200-day moving average price is $20.18.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were issued a dividend of $0.076 per share. This represents a $0.91 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Monday, October 21st. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates raised its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 96.6% in the second quarter. Raymond James & Associates now owns 1,732,471 shares of the company’s stock worth $34,563,000 after acquiring an additional 851,195 shares during the period. LPL Financial LLC raised its position in Invesco BulletShares 2028 Corporate Bond ETF by 20.6% during the second quarter. LPL Financial LLC now owns 2,951,984 shares of the company’s stock worth $58,892,000 after acquiring an additional 503,858 shares during the period. GPM Growth Investors Inc. purchased a new position in Invesco BulletShares 2028 Corporate Bond ETF during the second quarter valued at $7,891,000. AMJ Financial Wealth Management purchased a new position in Invesco BulletShares 2028 Corporate Bond ETF in the 2nd quarter valued at about $7,197,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 1,407.0% in the second quarter. Strategic Financial Concepts LLC now owns 376,239 shares of the company’s stock valued at $75,000 after acquiring an additional 351,273 shares in the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.