Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) Short Interest Down 62.4% in August

Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 10,600 shares, a drop of 62.4% from the August 15th total of 28,200 shares. Based on an average daily volume of 208,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Invesco BulletShares 2024 High Yield Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF in the fourth quarter worth about $25,000. GAMMA Investing LLC acquired a new position in Invesco BulletShares 2024 High Yield Corporate Bond ETF in the 2nd quarter worth about $39,000. Unique Wealth Strategies LLC purchased a new position in Invesco BulletShares 2024 High Yield Corporate Bond ETF during the second quarter worth approximately $63,000. Hobbs Group Advisors LLC purchased a new position in Invesco BulletShares 2024 High Yield Corporate Bond ETF during the second quarter worth approximately $78,000. Finally, Larson Financial Group LLC grew its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 11.2% in the first quarter. Larson Financial Group LLC now owns 6,170 shares of the company’s stock valued at $140,000 after purchasing an additional 620 shares during the period.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Stock Performance

BSJO stock remained flat at $22.76 during trading on Friday. The company had a trading volume of 84,369 shares, compared to its average volume of 193,098. Invesco BulletShares 2024 High Yield Corporate Bond ETF has a 52 week low of $22.32 and a 52 week high of $22.93. The stock’s 50-day moving average is $22.69 and its 200-day moving average is $22.72.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Monday, August 19th.

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.