Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Large Growth in Short Interest

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 375,500 shares, a growth of 64.3% from the December 15th total of 228,500 shares. Based on an average daily volume of 646,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brookstone Capital Management bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 4th quarter valued at approximately $24,644,000. Raymond James & Associates raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 71.1% in the third quarter. Raymond James & Associates now owns 2,550,819 shares of the company’s stock valued at $47,981,000 after acquiring an additional 1,059,729 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 37.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,162,775 shares of the company’s stock worth $40,682,000 after acquiring an additional 591,205 shares during the last quarter. Capital Investment Counsel LLC boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 189.8% during the 3rd quarter. Capital Investment Counsel LLC now owns 686,832 shares of the company’s stock worth $12,919,000 after purchasing an additional 449,824 shares during the period. Finally, Hills Bank & Trust Co lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 116.3% in the third quarter. Hills Bank & Trust Co now owns 828,201 shares of the company’s stock worth $15,578,000 after purchasing an additional 445,291 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Stock Down 0.0 %

BSCT stock traded down $0.01 during mid-day trading on Friday, hitting $18.35. The company had a trading volume of 291,058 shares, compared to its average volume of 841,940. The company has a 50-day moving average price of $18.40 and a 200 day moving average price of $18.52. Invesco BulletShares 2029 Corporate Bond ETF has a 12-month low of $17.84 and a 12-month high of $18.96.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0707 per share. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous dividend of $0.07. The ex-dividend date was Monday, December 23rd.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.