Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Short Interest Down 26.3% in October

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 257,000 shares, a decrease of 26.3% from the September 30th total of 348,800 shares. Based on an average daily trading volume, of 442,700 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

NASDAQ BSCS remained flat at $20.25 on Tuesday. The company had a trading volume of 747,500 shares, compared to its average volume of 428,836. The business has a 50-day simple moving average of $20.49 and a 200 day simple moving average of $20.19. Invesco BulletShares 2028 Corporate Bond ETF has a 12 month low of $19.17 and a 12 month high of $20.70.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were issued a $0.076 dividend. This is a positive change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08. This represents a $0.91 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Monday, October 21st.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its position in Invesco BulletShares 2028 Corporate Bond ETF by 20.6% during the 2nd quarter. LPL Financial LLC now owns 2,951,984 shares of the company’s stock worth $58,892,000 after purchasing an additional 503,858 shares in the last quarter. TruWealth Advisors LLC increased its position in Invesco BulletShares 2028 Corporate Bond ETF by 1.2% in the 3rd quarter. TruWealth Advisors LLC now owns 2,746,958 shares of the company’s stock worth $56,478,000 after purchasing an additional 32,976 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 10.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,428,323 shares of the company’s stock valued at $48,445,000 after acquiring an additional 239,530 shares during the period. Hills Bank & Trust Co grew its position in Invesco BulletShares 2028 Corporate Bond ETF by 2.8% during the 3rd quarter. Hills Bank & Trust Co now owns 2,223,070 shares of the company’s stock worth $45,706,000 after acquiring an additional 61,025 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 16.7% in the third quarter. Raymond James & Associates now owns 2,022,594 shares of the company’s stock valued at $41,585,000 after buying an additional 290,123 shares during the period.

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.