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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 284,489 shares, a drop of 41.7% from the June 30th total of 487,721 shares. Based on an average daily trading volume, of 413,366 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Butensky & Cohen Financial Security Inc. boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 5.4% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 98,384 shares of the company’s stock valued at $1,612,000 after purchasing an additional 4,999 shares during the period. Whitener Capital Management Inc. boosted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 20.6% in the second quarter. Whitener Capital Management Inc. now owns 22,042 shares of the company’s stock valued at $361,000 after acquiring an additional 3,760 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 32.9% in the second quarter. Sax Wealth Advisors LLC now owns 37,325 shares of the company’s stock valued at $614,000 after acquiring an additional 9,235 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 53.1% in the second quarter. Oliver Luxxe Assets LLC now owns 92,889 shares of the company’s stock valued at $1,522,000 after acquiring an additional 32,224 shares during the period. Finally, Everpar Advisors LLC grew its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 12.7% in the second quarter. Everpar Advisors LLC now owns 90,601 shares of the company’s stock worth $1,485,000 after acquiring an additional 10,188 shares during the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.1%

Shares of BSCV opened at $16.23 on Friday. Invesco BulletShares 2031 Corporate Bond ETF has a one year low of $16.16 and a one year high of $17.04. The company’s fifty day moving average price is $16.35 and its 200 day moving average price is $16.50.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were given a $0.065 dividend. This is an increase 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%. The ex-dividend date of this dividend was Monday, July 20th.

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.