Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) Sees Significant Increase in Short Interest

Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 25,900 shares, a growth of 144.3% from the August 31st total of 10,600 shares. Based on an average daily trading volume, of 206,000 shares, the days-to-cover ratio is presently 0.1 days.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Stock Performance

Shares of NASDAQ BSJO opened at $22.71 on Friday. Invesco BulletShares 2024 High Yield Corporate Bond ETF has a one year low of $22.32 and a one year high of $22.93. The business has a 50-day moving average price of $22.70 and a two-hundred day moving average price of $22.72.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.114 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco BulletShares 2024 High Yield Corporate Bond ETF’s previous monthly dividend of $0.10. This represents a $1.37 dividend on an annualized basis and a yield of 6.02%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BSJO. Advisory Alpha LLC grew its holdings in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF by 6.5% during the 2nd quarter. Advisory Alpha LLC now owns 350,920 shares of the company’s stock valued at $7,973,000 after acquiring an additional 21,359 shares in the last quarter. NewEdge Advisors LLC boosted its position in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 4.0% during the second quarter. NewEdge Advisors LLC now owns 55,435 shares of the company’s stock valued at $1,259,000 after purchasing an additional 2,128 shares during the last quarter. Straight Path Wealth Management grew its stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 15.5% in the second quarter. Straight Path Wealth Management now owns 16,358 shares of the company’s stock valued at $372,000 after purchasing an additional 2,190 shares in the last quarter. Delta Investment Management LLC increased its position in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 160.8% in the 2nd quarter. Delta Investment Management LLC now owns 297,060 shares of the company’s stock worth $6,749,000 after purchasing an additional 183,155 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 23.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 180,555 shares of the company’s stock worth $4,102,000 after purchasing an additional 33,772 shares during the last quarter.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Company Profile

The Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-weighted index of high-yield corporate bonds with effective maturities in 2024. BSJO was launched on Sep 14, 2016 and is managed by Invesco.