Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sees Significant Drop in Short Interest

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 310,500 shares, a decline of 42.3% from the October 31st total of 538,100 shares. Based on an average daily volume of 470,300 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its position in Invesco BulletShares 2028 Corporate Bond ETF by 170.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 159,396 shares of the company’s stock valued at $3,212,000 after purchasing an additional 100,505 shares in the last quarter. Hobbs Group Advisors LLC increased its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 1.1% in the 3rd quarter. Hobbs Group Advisors LLC now owns 50,603 shares of the company’s stock valued at $1,040,000 after purchasing an additional 556 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in Invesco BulletShares 2028 Corporate Bond ETF by 3.6% in the third quarter. Arete Wealth Advisors LLC now owns 27,230 shares of the company’s stock valued at $560,000 after buying an additional 948 shares in the last quarter. MML Investors Services LLC lifted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 33.7% during the 3rd quarter. MML Investors Services LLC now owns 392,404 shares of the company’s stock worth $8,068,000 after buying an additional 98,975 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 2.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 111,500 shares of the company’s stock worth $2,292,000 after buying an additional 2,718 shares during the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Price Performance

BSCS traded up $0.04 during trading hours on Thursday, hitting $20.26. 299,501 shares of the company’s stock were exchanged, compared to its average volume of 437,807. Invesco BulletShares 2028 Corporate Bond ETF has a 12-month low of $19.65 and a 12-month high of $20.70. The firm has a 50 day moving average of $20.36 and a 200 day moving average of $20.25.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 18th were paid a $0.0761 dividend. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, November 18th.

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.