Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Sees Large Increase in Short Interest

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 627,400 shares, a growth of 184.3% from the October 15th total of 220,700 shares. Based on an average trading volume of 774,600 shares, the short-interest ratio is presently 0.8 days.

Invesco BulletShares 2024 Corporate Bond ETF Price Performance

Shares of BSCO remained flat at $21.16 on Thursday. 562,383 shares of the company traded hands, compared to its average volume of 843,296. The firm has a 50 day simple moving average of $21.14 and a 200 day simple moving average of $21.09. Invesco BulletShares 2024 Corporate Bond ETF has a 12 month low of $20.75 and a 12 month high of $21.18.

Invesco BulletShares 2024 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were given a dividend of $0.082 per share. The ex-dividend date was Monday, October 21st. This represents a $0.98 annualized dividend and a dividend yield of 4.65%. This is an increase from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Invesco BulletShares 2024 Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Invesco BulletShares 2024 Corporate Bond ETF in the third quarter worth approximately $26,000. Mather Group LLC. boosted its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 292.5% in the second quarter. Mather Group LLC. now owns 1,680 shares of the company’s stock worth $35,000 after purchasing an additional 1,252 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in Invesco BulletShares 2024 Corporate Bond ETF in the second quarter worth approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in Invesco BulletShares 2024 Corporate Bond ETF in the third quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Invesco BulletShares 2024 Corporate Bond ETF in the third quarter worth approximately $72,000.

About Invesco BulletShares 2024 Corporate Bond ETF

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade corporate bonds maturing in 2024. The fund will unwind in December 2024 and return all capital and proceeds to investors.