The Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) experienced a significant increase in short interest during December 2023. As of December 15, short interest had surged to a total of 184,213 shares, marking an impressive growth of 125.7% compared to the November 30 figure of 81,615 shares. This rise suggests heightened investor activity surrounding the fund.
With an average daily volume of 381,428 shares, the days-to-cover ratio currently stands at 0.5 days. Approximately 0.2% of the ETF’s stock is short sold, indicating a relatively modest proportion of investors betting against it.
Price Performance and Dividend Announcement
On December 26, 2023, shares of the Invesco BulletShares 2031 ETF saw a slight increase, trading up by $0.02 to reach $16.72. The trading volume for the day was recorded at 440,822 shares, surpassing the average volume of 362,742 shares. Over the past year, the ETF has experienced fluctuations, with a low of $15.84 and a high of $17.06. The fifty-day moving average price is $16.70, while the two-hundred-day moving average stands at $16.63.
In addition, the firm announced a monthly dividend of $0.0627 per share, which was paid on December 26, 2023. Shareholders recorded as of December 22 received this dividend, resulting in an annualized yield of 4.5%.
Overview of Invesco BulletShares 2031 ETF
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. Scheduled to unwind in December 2031, the ETF aims to return capital and proceeds to its investors. Launched on September 15, 2021, the Invesco BulletShares 2031 ETF is managed by Invesco, a reputable name in the investment management industry.
The recent developments surrounding the ETF’s short interest and market performance highlight the dynamic nature of investment strategies and investor sentiment within the corporate bond market.
