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

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,300 shares, a drop of 88.9% from the October 15th total of 65,800 shares. Based on an average daily trading volume, of 59,500 shares, the days-to-cover ratio is currently 0.1 days.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

BSCY traded down $0.19 during midday trading on Tuesday, reaching $20.41. The company’s stock had a trading volume of 37,127 shares, compared to its average volume of 42,243. The company’s 50-day simple moving average is $20.89. Invesco BulletShares 2034 Corporate Bond ETF has a 1 year low of $20.01 and a 1 year high of $21.36.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, October 21st.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR purchased a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF in the third quarter valued at $353,000. MONECO Advisors LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF in the third quarter worth about $463,000. BCS Wealth Management purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the third quarter valued at about $1,357,000. Finally, Raymond James & Associates acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 3rd quarter valued at $17,232,000.