Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Short Interest Down 5.3% in October

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 403,900 shares, a decrease of 5.3% from the October 15th total of 426,700 shares. Based on an average daily volume of 361,900 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BCS Wealth Management boosted its position in Invesco BulletShares 2030 Corporate Bond ETF by 49.6% during the third quarter. BCS Wealth Management now owns 189,688 shares of the company’s stock valued at $3,215,000 after acquiring an additional 62,898 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 8.7% in the 3rd quarter. Private Advisor Group LLC now owns 209,996 shares of the company’s stock valued at $3,559,000 after purchasing an additional 16,813 shares during the period. G2 Capital Management LLC OH boosted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 1.2% during the 2nd quarter. G2 Capital Management LLC OH now owns 86,444 shares of the company’s stock valued at $1,406,000 after purchasing an additional 1,061 shares in the last quarter. Raymond James & Associates boosted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 143.9% during the 2nd quarter. Raymond James & Associates now owns 1,934,521 shares of the company’s stock valued at $31,455,000 after purchasing an additional 1,141,238 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Invesco BulletShares 2030 Corporate Bond ETF by 11.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,068,532 shares of the company’s stock worth $17,374,000 after purchasing an additional 109,921 shares during the period.

Invesco BulletShares 2030 Corporate Bond ETF Stock Up 0.1 %

Shares of BSCU opened at $16.46 on Monday. The stock’s 50-day moving average price is $16.75 and its two-hundred day moving average price is $16.56. Invesco BulletShares 2030 Corporate Bond ETF has a 12 month low of $15.83 and a 12 month high of $17.14.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were given a dividend of $0.063 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Monday, October 21st. This is an increase from Invesco BulletShares 2030 Corporate Bond ETF’s previous monthly dividend of $0.06.

About Invesco BulletShares 2030 Corporate Bond ETF

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.