Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Short Interest Down 45.5% in May

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCYGet Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 48,295 shares, a decline of 45.5% from the April 30th total of 88,595 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 109,359 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the third quarter worth about $1,933,000. BCS Wealth Management lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 124.1% in the fourth quarter. BCS Wealth Management now owns 666,220 shares of the company’s stock worth $14,004,000 after acquiring an additional 368,933 shares during the period. Asset Dedication LLC lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 149.2% in the fourth quarter. Asset Dedication LLC now owns 108,896 shares of the company’s stock worth $2,289,000 after acquiring an additional 65,199 shares during the period. Truist Financial Corp lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 402.1% in the fourth quarter. Truist Financial Corp now owns 87,951 shares of the company’s stock worth $1,849,000 after acquiring an additional 70,434 shares during the period. Finally, Clark Asset Management LLC lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 27.8% in the fourth quarter. Clark Asset Management LLC now owns 260,494 shares of the company’s stock worth $5,476,000 after acquiring an additional 56,629 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Price Performance

NASDAQ:BSCY remained flat at $20.71 during mid-day trading on Tuesday. 230,987 shares of the company were exchanged, compared to its average volume of 155,252. Invesco BulletShares 2034 Corporate Bond ETF has a 52 week low of $20.31 and a 52 week high of $21.29. The business’s 50-day simple moving average is $20.72 and its two-hundred day simple moving average is $20.93.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were paid a $0.0877 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, May 18th.

About Invesco BulletShares 2034 Corporate Bond ETF

(Get Free Report)

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.

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