The Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) experienced a significant increase in short interest, rising by 125.7% in December. As of December 15, 2023, the total short interest reached 184,213 shares, up from 81,615 shares on November 30, 2023. This surge indicates a growing sentiment among investors regarding the ETF’s performance, particularly in light of its trading activity.
Approximately 0.2% of the ETF’s total stock is currently short sold, with a days-to-cover ratio of 0.5 days, based on an average daily trading volume of 381,428 shares. This metric reflects the number of days it would take for short sellers to cover their positions, providing insight into market sentiment and trading dynamics.
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 that day was 440,822 shares, surpassing its average volume of 362,742 shares. Over the past year, the ETF recorded a low of $15.84 and a high of $17.06, with a fifty-day moving average of $16.70 and a 200-day moving average of $16.63.
Invesco recently declared a monthly dividend of $0.0627 per share, which was paid to shareholders of record on December 22, 2023. The ex-dividend date was also set for December 22. This dividend reflects an annualized yield of 4.5%, providing investors with a steady income stream.
About the Invesco BulletShares 2031 ETF
The Invesco BulletShares 2031 Corporate Bond ETF is designed to invest primarily in investment-grade fixed-income securities. Launched on September 15, 2021, the ETF tracks an index of corporate bonds that mature in 2031. The fund is set to unwind in December 2031, returning both capital and proceeds to its investors. Managed by Invesco, the ETF aims to provide investors with exposure to high-quality corporate bonds while offering a predictable maturity date.
Understanding the dynamics of short interest and the corresponding market response is crucial for investors navigating the corporate bond landscape. As the Invesco BulletShares 2031 ETF continues to attract attention, its performance and strategic positioning will be closely monitored in the coming months.
