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

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

Institutional Investors Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BSCS. Raymond James & Associates increased its position in Invesco BulletShares 2028 Corporate Bond ETF by 96.6% during the second quarter. Raymond James & Associates now owns 1,732,471 shares of the company’s stock worth $34,563,000 after purchasing an additional 851,195 shares during the last quarter. LPL Financial LLC increased its position in Invesco BulletShares 2028 Corporate Bond ETF by 20.6% during the second 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 during the last quarter. GPM Growth Investors Inc. acquired a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF during the second quarter valued at about $7,891,000. AMJ Financial Wealth Management acquired a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF during the second quarter valued at about $7,197,000. Finally, Strategic Financial Concepts LLC increased its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 1,407.0% during the second quarter. Strategic Financial Concepts LLC now owns 376,239 shares of the company’s stock valued at $75,000 after acquiring an additional 351,273 shares during the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

Shares of NASDAQ:BSCS remained flat at $20.28 during midday trading on Friday. 455,397 shares of the stock traded hands, compared to its average volume of 427,607. The business’s 50-day moving average is $20.49 and its 200 day moving average is $20.18. Invesco BulletShares 2028 Corporate Bond ETF has a 12-month low of $19.15 and a 12-month high of $20.70.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

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

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.