Short Interest in Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Drops By 78.8%

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 49,000 shares, a decline of 78.8% from the August 15th total of 231,000 shares. Based on an average daily volume of 380,600 shares, the short-interest ratio is presently 0.1 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

NASDAQ BSCS traded up $0.04 during trading hours on Friday, hitting $20.65. The company had a trading volume of 207,355 shares, compared to its average volume of 425,289. Invesco BulletShares 2028 Corporate Bond ETF has a 1-year low of $19.07 and a 1-year high of $20.65. The business has a 50 day moving average of $20.32 and a 200-day moving average of $20.08.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were given a dividend of $0.082 per share. This represents a $0.98 dividend on an annualized basis and a yield of 4.77%. This is an increase from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, August 19th.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in BSCS. Sanctuary Advisors LLC acquired a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF during the second quarter worth $1,162,000. Souders Financial Advisors raised its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 4.8% in the 2nd quarter. Souders Financial Advisors now owns 128,428 shares of the company’s stock worth $2,562,000 after purchasing an additional 5,921 shares in the last quarter. Cetera Investment Advisers increased its stake in Invesco BulletShares 2028 Corporate Bond ETF by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 59,745 shares of the company’s stock worth $1,192,000 after purchasing an additional 1,220 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 22.8% during the second quarter. Truist Financial Corp now owns 112,531 shares of the company’s stock valued at $2,245,000 after buying an additional 20,881 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 19.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 134,987 shares of the company’s stock valued at $2,693,000 after acquiring an additional 21,619 shares in the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

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.