Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Sees Large Increase in Short Interest

by · The Markets Daily

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 338,935 shares, a growth of 126.3% from the August 31st total of 149,764 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 489,303 shares, the days-to-cover ratio is currently 0.7 days.

Invesco BulletShares 2033 Corporate Bond ETF Price Performance

Invesco BulletShares 2033 Corporate Bond ETF stock traded down $0.04 during midday trading on Tuesday, reaching $19.99. The stock had a trading volume of 464,434 shares, compared to its average volume of 217,497. The stock’s 50-day simple moving average is $20.63 and its 200 day simple moving average is $20.94. Invesco BulletShares 2033 Corporate Bond ETF has a twelve month low of $19.99 and a twelve month high of $21.69.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.0848 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.02 annualized dividend and a dividend yield of 5.1%. This is a decrease from Invesco BulletShares 2033 Corporate Bond ETF’s previous monthly dividend of $0.0911.

Institutional Trading of Invesco BulletShares 2033 Corporate Bond ETF

A number of institutional investors have recently modified their holdings of BSCX. Envestnet Asset Management Inc. raised its holdings in Invesco BulletShares 2033 Corporate Bond ETF by 24.4% in the second quarter. Envestnet Asset Management Inc. now owns 159,600 shares of the company’s stock valued at $3,360,000 after buying an additional 31,354 shares during the period. Baird Financial Group Inc. increased its position in shares of Invesco BulletShares 2033 Corporate Bond ETF by 17.4% in the second quarter. Baird Financial Group Inc. now owns 622,811 shares of the company’s stock worth $13,113,000 after acquiring an additional 92,106 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF in the 2nd quarter valued at $652,000. Independence Bank of Kentucky lifted its holdings in shares of Invesco BulletShares 2033 Corporate Bond ETF by 17.5% during the 2nd quarter. Independence Bank of Kentucky now owns 67,942 shares of the company’s stock valued at $1,431,000 after acquiring an additional 10,114 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. boosted its position in Invesco BulletShares 2033 Corporate Bond ETF by 8.2% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 73,941 shares of the company’s stock worth $1,557,000 after purchasing an additional 5,619 shares during the period.

About Invesco BulletShares 2033 Corporate Bond ETF

(Get Free Report)

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.

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