Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Large Drop in Short Interest

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 197,400 shares, a decline of 6.9% from the August 31st total of 212,100 shares. Based on an average daily volume of 340,900 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC grew its position in Invesco BulletShares 2030 Corporate Bond ETF by 33.5% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,434,089 shares of the company’s stock worth $39,578,000 after purchasing an additional 610,231 shares during the last quarter. Raymond James & Associates increased its stake in Invesco BulletShares 2030 Corporate Bond ETF by 143.9% during the second quarter. Raymond James & Associates now owns 1,934,521 shares of the company’s stock valued at $31,455,000 after acquiring an additional 1,141,238 shares during the period. Eastern Bank raised its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 1.4% in the 2nd quarter. Eastern Bank now owns 1,879,680 shares of the company’s stock valued at $30,564,000 after acquiring an additional 25,623 shares in the last quarter. Tlwm lifted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 2.9% in the 2nd quarter. Tlwm now owns 1,412,952 shares of the company’s stock worth $22,975,000 after acquiring an additional 39,385 shares during the period. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 21.4% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 1,200,323 shares of the company’s stock worth $19,516,000 after purchasing an additional 211,826 shares in the last quarter.

Invesco BulletShares 2030 Corporate Bond ETF Price Performance

NASDAQ:BSCU traded up $0.06 during mid-day trading on Friday, hitting $16.98. 226,160 shares of the company’s stock traded hands, compared to its average volume of 285,186. The firm has a 50 day moving average of $16.79 and a two-hundred day moving average of $16.44. Invesco BulletShares 2030 Corporate Bond ETF has a 12 month low of $15.19 and a 12 month high of $17.14.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.061 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.73 annualized dividend and a dividend yield of 4.31%.

About Invesco BulletShares 2030 Corporate Bond ETF

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.