Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Significant Growth in Short Interest

by · The Markets Daily

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 185,230 shares, an increase of 207.8% from the February 12th total of 60,178 shares. Based on an average daily volume of 125,810 shares, the short-interest ratio is presently 1.5 days. Approximately 0.9% of the shares of the company are sold short. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 125,810 shares, the short-interest ratio is presently 1.5 days.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.3%

Shares of Invesco BulletShares 2034 Corporate Bond ETF stock traded down $0.06 during trading hours on Thursday, reaching $20.79. The company’s stock had a trading volume of 41,694 shares, compared to its average volume of 157,031. The company’s 50 day simple moving average is $21.07 and its 200 day simple moving average is $21.06. Invesco BulletShares 2034 Corporate Bond ETF has a one year low of $19.71 and a one year high of $21.29.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a dividend of $0.0811 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BSCY. Private Trust Co. NA acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the third quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter worth about $47,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth about $63,000. Davis Capital Management acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 3rd quarter worth approximately $132,000. Finally, YANKCOM Partnership lifted its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 804.7% in the 2nd quarter. YANKCOM Partnership now owns 8,866 shares of the company’s stock worth $184,000 after acquiring an additional 7,886 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

(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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