Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) Stock Short Interest Jumps 300.1%

Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 266,882 shares, a growth of 300.1% from the September 30th total of 66,701 shares. Based on an average daily trading volume, of 483,646 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BSCW. NorthAvenue LLC bought a new stake in Invesco BulletShares 2032 Corporate Bond ETF during the third quarter worth about $5,029,000. Legacy Wealth Management LLC MS bought a new position in shares of Invesco BulletShares 2032 Corporate Bond ETF in the third quarter valued at about $224,000. SFE Investment Counsel acquired a new stake in Invesco BulletShares 2032 Corporate Bond ETF during the third quarter worth approximately $1,367,000. Aprio Wealth Management LLC acquired a new position in Invesco BulletShares 2032 Corporate Bond ETF in the 3rd quarter valued at $339,000. Finally, DWM Financial Group Inc. acquired a new position in shares of Invesco BulletShares 2032 Corporate Bond ETF in the third quarter valued at about $2,301,000.

Invesco BulletShares 2032 Corporate Bond ETF Price Performance

BSCW traded up $0.04 during midday trading on Friday, hitting $19.86. 21,679 shares of the company’s stock traded hands, compared to its average volume of 365,127. The stock’s fifty day simple moving average is $19.87 and its 200-day simple moving average is $20.43. Invesco BulletShares 2032 Corporate Bond ETF has a one year low of $19.55 and a one year high of $21.24.

Invesco BulletShares 2032 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a $0.0833 dividend. This is an increase from Invesco BulletShares 2032 Corporate Bond ETF’s previous monthly dividend of $0.0794. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, October 19th.

Invesco BulletShares 2032 Corporate Bond ETF Company Profile

The Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 2032. BSCW was launched on Sep 8, 2022 and is managed by Invesco.