Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Significant Drop in Short Interest

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 10,200 shares, a decrease of 74.5% from the February 28th total of 40,000 shares. Based on an average trading volume of 89,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

NASDAQ BSCY opened at $20.34 on Thursday. The stock’s 50 day moving average is $20.38 and its 200 day moving average is $20.54. Invesco BulletShares 2034 Corporate Bond ETF has a twelve month low of $19.85 and a twelve month high of $21.36.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.0835 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Invesco BulletShares 2034 Corporate Bond ETF’s previous dividend of $0.08.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Marquette Asset Management LLC grew its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 1,701.1% in the fourth quarter. Marquette Asset Management LLC now owns 3,278 shares of the company’s stock worth $66,000 after purchasing an additional 3,096 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 4th quarter worth approximately $97,000. Avior Wealth Management LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter valued at approximately $99,000. Truist Financial Corp purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at $218,000. Finally, Yarger Wealth Strategies LLC bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth $221,000.

About Invesco BulletShares 2034 Corporate Bond ETF

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.