Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Large Drop in Short Interest

by · The Markets Daily

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 43,536 shares, a decline of 67.9% from the June 30th total of 135,675 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 96,371 shares, the short-interest ratio is currently 0.5 days.

Invesco BulletShares 2034 Corporate Bond ETF Stock Up 0.0%

Shares of BSCY stock opened at $20.27 on Friday. Invesco BulletShares 2034 Corporate Bond ETF has a one year low of $20.25 and a one year high of $21.29. The stock has a fifty day moving average price of $20.60 and a 200 day moving average price of $20.81.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a $0.0885 dividend. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend and a yield of 5.2%.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter valued at about $36,534,000. BCS Wealth Management raised its position in Invesco BulletShares 2034 Corporate Bond ETF by 124.1% in the fourth quarter. BCS Wealth Management now owns 666,220 shares of the company’s stock worth $14,004,000 after purchasing an additional 368,933 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock worth $17,890,000 after purchasing an additional 303,242 shares during the period. Janney Montgomery Scott LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth about $5,362,000. Finally, LPL Financial LLC lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 26.0% during the fourth quarter. LPL Financial LLC now owns 1,073,606 shares of the company’s stock worth $22,567,000 after purchasing an additional 221,464 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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