Short Interest in Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Expands By 387.0%

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 48,700 shares, an increase of 387.0% from the March 31st total of 10,000 shares. Based on an average daily trading volume, of 940,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco BulletShares 2024 Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Foundations Investment Advisors LLC lifted its position in shares of Invesco BulletShares 2024 Corporate Bond ETF by 17,095.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,325,933 shares of the company’s stock valued at $69,645,000 after acquiring an additional 3,306,591 shares in the last quarter. Milestone Asset Management LLC lifted its position in shares of Invesco BulletShares 2024 Corporate Bond ETF by 20,526.5% in the fourth quarter. Milestone Asset Management LLC now owns 3,313,858 shares of the company’s stock valued at $69,210,000 after acquiring an additional 3,297,792 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Invesco BulletShares 2024 Corporate Bond ETF by 521.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,147,234 shares of the company’s stock valued at $23,960,000 after acquiring an additional 962,531 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Invesco BulletShares 2024 Corporate Bond ETF in the fourth quarter valued at about $14,502,000. Finally, LPL Financial LLC lifted its position in shares of Invesco BulletShares 2024 Corporate Bond ETF by 18.1% in the third quarter. LPL Financial LLC now owns 4,097,742 shares of the company’s stock valued at $84,700,000 after acquiring an additional 628,002 shares in the last quarter.

Invesco BulletShares 2024 Corporate Bond ETF Price Performance

Shares of BSCO stock remained flat at $21.00 on Friday. The stock had a trading volume of 365,200 shares, compared to its average volume of 1,018,986. The stock’s 50-day simple moving average is $20.97 and its 200 day simple moving average is $20.88. Invesco BulletShares 2024 Corporate Bond ETF has a 52-week low of $20.53 and a 52-week high of $21.04.

Invesco BulletShares 2024 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 23rd were issued a dividend of $0.0604 per share. This represents a $0.72 annualized dividend and a yield of 3.45%. The ex-dividend date was Monday, April 22nd. This is a positive change from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.04.

Invesco BulletShares 2024 Corporate Bond ETF Company Profile

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade corporate bonds maturing in 2024. The fund will unwind in December 2024 and return all capital and proceeds to investors.