Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Large Increase in Short Interest

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 423,307 shares, a growth of 48.8% from the July 15th total of 284,489 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 467,383 shares, the short-interest ratio is currently 0.9 days.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

Invesco BulletShares 2031 Corporate Bond ETF stock traded up $0.01 during midday trading on Tuesday, hitting $16.29. 174,708 shares of the company’s stock were exchanged, compared to its average volume of 530,143. The stock has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $16.47. Invesco BulletShares 2031 Corporate Bond ETF has a 52-week low of $16.16 and a 52-week high of $17.04.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC purchased a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the fourth quarter valued at approximately $33,000. Ascentis Independent Advisors purchased a new position in Invesco BulletShares 2031 Corporate Bond ETF in the 1st quarter worth approximately $35,000. Farther Finance Advisors LLC grew its stake in Invesco BulletShares 2031 Corporate Bond ETF by 248.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,439 shares of the company’s stock worth $41,000 after buying an additional 1,739 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF in the 4th quarter worth $50,000. Finally, Advisory Services Network LLC bought a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF in the 3rd quarter worth $92,000.

About Invesco BulletShares 2031 Corporate Bond ETF

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.