Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) Sees Significant Drop in Short Interest

Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 46,800 shares, a decline of 54.1% from the February 13th total of 102,000 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 135,500 shares, the days-to-cover ratio is currently 0.3 days.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Trading Up 0.2 %

NASDAQ BSJR traded up $0.05 during trading hours on Friday, hitting $22.49. 115,666 shares of the company were exchanged, compared to its average volume of 92,893. The stock has a 50-day moving average price of $22.58 and a 200 day moving average price of $22.58. Invesco BulletShares 2027 High Yield Corporate Bond ETF has a 52 week low of $21.82 and a 52 week high of $22.77.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a dividend of $0.1191 per share. The ex-dividend date was Monday, February 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC grew its stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 344.8% during the fourth quarter. Anchor Investment Management LLC now owns 1,290 shares of the company’s stock valued at $29,000 after buying an additional 1,000 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the fourth quarter valued at approximately $35,000. United Community Bank bought a new position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the fourth quarter valued at approximately $49,000. Denver PWM LLC grew its stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 172.7% during the fourth quarter. Denver PWM LLC now owns 2,495 shares of the company’s stock valued at $56,000 after buying an additional 1,580 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 17.0% in the fourth quarter. Private Trust Co. NA now owns 5,162 shares of the company’s stock valued at $116,000 after purchasing an additional 750 shares during the period.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Company Profile

The Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield corporate bonds with effective maturities in 2027. BSJR was launched on Sep 12, 2019 and is managed by Invesco.