The Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) has recently experienced a remarkable increase in short interest. As of December 15, 2023, short interest reached a total of 184,213 shares, reflecting a substantial growth of 125.7% from the November 30 total of 81,615 shares. This rise indicates heightened trading activity and investor sentiment regarding the fund’s future performance.
Approximately 0.2% of the ETF’s shares are currently sold short, with an average daily trading volume of 381,428 shares. This results in a days-to-cover ratio of 0.5 days, suggesting that it would take less than a day for short sellers to cover their positions at the current trading volume.
Current Performance and Trading Volume
On Friday, December 26, 2023, shares of the Invesco BulletShares 2031 Corporate Bond ETF traded 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’s price has fluctuated between a low of $15.84 and a high of $17.06. Currently, the fund’s fifty-day moving average price stands at $16.70, while the 200-day moving average is at $16.63.
Dividend Declaration and Financial Outlook
In addition to the rise in short interest, the Invesco BulletShares 2031 ETF has also declared a monthly dividend. Shareholders of record on December 22, 2023, received a dividend of $0.0627 per share. This ex-dividend date marks the day before the stock began trading without the dividend, and the declared amount represents an annualized yield of 4.5%. The distribution demonstrates the ETF’s commitment to returning value to its investors, even as it navigates market fluctuations.
The Invesco BulletShares 2031 Corporate Bond ETF primarily invests in investment-grade fixed income securities, tracking an index of corporate bonds set to mature in 2031. Established on September 15, 2021, the fund is managed by Invesco and is expected to wind down in December 2031, returning capital and proceeds to investors at that time.
With the recent surge in short interest and ongoing trading activity, the Invesco BulletShares 2031 Corporate Bond ETF continues to be a focal point for investors monitoring trends in fixed income securities. As markets evolve, stakeholders will be keenly observing how these developments influence both the fund’s performance and broader market dynamics.
