Short Interest in Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Expands By 63.5%

by · The Markets Daily

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 143,301 shares, an increase of 63.5% from the December 31st total of 87,621 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 154,541 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 154,541 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the company’s stock are sold short.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

NASDAQ BSCY remained flat at $20.99 during trading hours on Friday. The company had a trading volume of 143,287 shares, compared to its average volume of 127,424. Invesco BulletShares 2034 Corporate Bond ETF has a 1 year low of $19.71 and a 1 year high of $21.29. The stock has a fifty day simple moving average of $21.04 and a 200-day simple moving average of $20.98.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.0817 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 4.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. G2 Capital Management LLC OH raised its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 1.2% during the fourth quarter. G2 Capital Management LLC OH now owns 48,723 shares of the company’s stock valued at $1,024,000 after acquiring an additional 558 shares during the last quarter. Ledgewood Wealth Advisors LLC grew its stake in Invesco BulletShares 2034 Corporate Bond ETF by 0.3% in the fourth quarter. Ledgewood Wealth Advisors LLC now owns 202,180 shares of the company’s stock valued at $4,250,000 after acquiring an additional 655 shares during the period. Opulen Financial Group LLC raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 5.1% during the third quarter. Opulen Financial Group LLC now owns 16,483 shares of the company’s stock worth $346,000 after buying an additional 806 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,713 shares of the company’s stock worth $1,198,000 after acquiring an additional 913 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the third quarter worth approximately $25,000.

About Invesco BulletShares 2034 Corporate Bond ETF

(Get Free Report)

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.

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