The Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) has reported a significant increase in short interest, rising by 125.7% in December. As of December 15, 2023, short interest reached 184,213 shares, up from 81,615 shares on November 30, 2023. With an average daily trading volume of 381,428 shares, the days-to-cover ratio stands at 0.5 days. Approximately 0.2% of the ETF’s shares are currently short sold.
On December 26, 2023, investors saw a small increase in the ETF’s stock price, which rose by $0.02 to $16.72. The trading session recorded a volume of 440,822 shares, exceeding the ETF’s average volume of 362,742 shares. Over the past year, the ETF has experienced a low of $15.84 and a high of $17.06. Its fifty-day moving average price is $16.70, while the 200-day moving average sits at $16.63.
Dividend Announcement and Yield
Invesco recently declared a monthly dividend, which was paid on December 26, 2023. Shareholders who were on record as of December 22, 2023, received a dividend of $0.0627 per share. The ex-dividend date was also December 22, 2023. This dividend represents an annualized output with a yield of 4.5%, reflecting the fund’s commitment to providing returns to its investors.
Fund Overview
The Invesco BulletShares 2031 Corporate Bond ETF primarily invests in investment-grade fixed-income securities. It tracks an index of corporate bonds with effective maturities set for 2031. The fund is designed to unwind in December 2031, returning capital and proceeds to its investors. Launched on September 15, 2021, the ETF is managed by Invesco, a well-known player in the asset management industry.
This growth in short interest and the recent dividend declaration indicate notable investor sentiment and market activity surrounding the Invesco BulletShares 2031 Corporate Bond ETF as it approaches the end of the year.
