Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Short Interest Update
by Teresa Graham · The Cerbat GemInvesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 182,319 shares, an increase of 52.4% from the March 15th total of 119,595 shares. Based on an average trading volume of 691,616 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. CX Institutional bought a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF during the third quarter valued at $26,000. Fifth Third Bancorp bought a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF during the third quarter valued at $31,000. AlphaCore Capital LLC bought a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF during the fourth quarter valued at $33,000. International Assets Investment Management LLC bought a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF during the fourth quarter valued at $45,000. Finally, Optimum Investment Advisors lifted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 24.1% during the third quarter. Optimum Investment Advisors now owns 3,600 shares of the company’s stock valued at $74,000 after purchasing an additional 700 shares in the last quarter.
Invesco BulletShares 2028 Corporate Bond ETF Stock Performance
Shares of NASDAQ BSCS remained flat at $20.50 during trading on Wednesday. The stock had a trading volume of 472,667 shares, compared to its average volume of 840,348. Invesco BulletShares 2028 Corporate Bond ETF has a 52-week low of $20.18 and a 52-week high of $20.69. The business’s 50-day moving average is $20.52 and its 200-day moving average is $20.56.
Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.0727 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.
About Invesco BulletShares 2028 Corporate Bond ETF
The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.