Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Short Interest Down 69.3% in March

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 144,500 shares, a decline of 69.3% from the March 15th total of 471,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 617,600 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.1 %

Shares of BSCS stock traded up $0.03 during mid-day trading on Thursday, reaching $20.35. The stock had a trading volume of 43,266 shares, compared to its average volume of 484,372. The business’s fifty day moving average is $20.30 and its 200-day moving average is $20.26. Invesco BulletShares 2028 Corporate Bond ETF has a 1-year low of $19.65 and a 1-year high of $20.70.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0752 dividend. This is an increase from Invesco BulletShares 2028 Corporate Bond ETF’s previous dividend of $0.07. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSCS. Raymond James Financial Inc. acquired a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the 4th quarter valued at about $98,269,000. Fusion Family Wealth LLC acquired a new position in Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter valued at approximately $31,386,000. TruWealth Advisors LLC boosted its position in Invesco BulletShares 2028 Corporate Bond ETF by 51.8% in the 4th quarter. TruWealth Advisors LLC now owns 4,168,939 shares of the company’s stock worth $83,921,000 after purchasing an additional 1,421,981 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,391,844 shares of the company’s stock worth $108,538,000 after purchasing an additional 820,513 shares during the period. Finally, Siligmueller & Norvid Wealth Advisors LLC purchased a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF during the 4th quarter valued at approximately $15,385,000.

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.