Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Large Drop in Short Interest

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 43,536 shares, a decline of 67.9% from the June 30th total of 135,675 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 96,371 shares, the short-interest ratio is currently 0.5 days.

Invesco BulletShares 2034 Corporate Bond ETF Stock Up 0.0%

Shares of BSCY stock opened at $20.27 on Friday. Invesco BulletShares 2034 Corporate Bond ETF has a one year low of $20.25 and a one year high of $21.29. The stock has a fifty day moving average price of $20.60 and a 200 day moving average price of $20.81.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a $0.0885 dividend. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend and a yield of 5.2%.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter valued at about $36,534,000. BCS Wealth Management raised its position in Invesco BulletShares 2034 Corporate Bond ETF by 124.1% in the fourth quarter. BCS Wealth Management now owns 666,220 shares of the company’s stock worth $14,004,000 after purchasing an additional 368,933 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock worth $17,890,000 after purchasing an additional 303,242 shares during the period. Janney Montgomery Scott LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth about $5,362,000. Finally, LPL Financial LLC lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 26.0% during the fourth quarter. LPL Financial LLC now owns 1,073,606 shares of the company’s stock worth $22,567,000 after purchasing an additional 221,464 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.