Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Short Interest Up 13.5% in August

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 212,100 shares, a growth of 13.5% from the August 15th total of 186,800 shares. Based on an average daily volume of 328,200 shares, the days-to-cover ratio is currently 0.6 days.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

Shares of NASDAQ BSCU remained flat at $17.05 during trading on Tuesday. The stock had a trading volume of 250,259 shares, compared to its average volume of 281,108. The stock has a 50 day simple moving average of $16.70 and a 200 day simple moving average of $16.41. Invesco BulletShares 2030 Corporate Bond ETF has a 1-year low of $15.19 and a 1-year high of $17.14.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 5.00%. This is a positive change from Invesco BulletShares 2030 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Concourse Financial Group Securities Inc. purchased a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the first quarter valued at $28,000. Vima LLC bought a new stake in Invesco BulletShares 2030 Corporate Bond ETF during the fourth quarter valued at about $30,000. YHB Investment Advisors Inc. bought a new position in Invesco BulletShares 2030 Corporate Bond ETF during the first quarter worth $46,000. Strategic Financial Concepts LLC increased its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 1,118.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 350,911 shares of the company’s stock worth $57,000 after purchasing an additional 322,113 shares during the period. Finally, Key Financial Inc acquired a new stake in Invesco BulletShares 2030 Corporate Bond ETF during the second quarter worth about $73,000.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.