Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Sees Large Drop in Short Interest

Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 392,700 shares, a drop of 10.7% from the November 30th total of 439,800 shares. Based on an average trading volume of 582,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Manchester Financial Inc. increased its stake in Invesco BulletShares 2027 Corporate Bond ETF by 74.9% during the 3rd quarter. Manchester Financial Inc. now owns 3,272,686 shares of the company’s stock worth $64,537,000 after buying an additional 1,401,519 shares in the last quarter. GPM Growth Investors Inc. purchased a new stake in shares of Invesco BulletShares 2027 Corporate Bond ETF during the second quarter worth approximately $8,203,000. Strategic Financial Concepts LLC raised its stake in Invesco BulletShares 2027 Corporate Bond ETF by 1,353.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 376,503 shares of the company’s stock valued at $72,000 after purchasing an additional 350,603 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 22.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,845,707 shares of the company’s stock valued at $36,397,000 after purchasing an additional 344,278 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Invesco BulletShares 2027 Corporate Bond ETF by 207.5% during the 3rd quarter. Captrust Financial Advisors now owns 472,291 shares of the company’s stock worth $9,314,000 after purchasing an additional 318,717 shares during the last quarter.

Invesco BulletShares 2027 Corporate Bond ETF Price Performance

NASDAQ BSCR traded up $0.02 on Monday, hitting $19.46. The company had a trading volume of 556,786 shares, compared to its average volume of 513,394. Invesco BulletShares 2027 Corporate Bond ETF has a 12-month low of $19.01 and a 12-month high of $19.84. The company’s fifty day moving average price is $19.50 and its 200-day moving average price is $19.52.

Invesco BulletShares 2027 Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0693 per share. The ex-dividend date was Monday, December 23rd.

Invesco BulletShares 2027 Corporate Bond ETF Company Profile

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors.