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

Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,900 shares, a decrease of 66.1% from the October 15th total of 11,500 shares. Based on an average daily volume of 178,000 shares, the short-interest ratio is currently 0.0 days.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Price Performance

BSJO stock remained flat at $22.68 during midday trading on Thursday. The company had a trading volume of 168,016 shares, compared to its average volume of 186,254. The stock’s 50-day moving average price is $22.70 and its 200-day moving average price is $22.71. Invesco BulletShares 2024 High Yield Corporate Bond ETF has a 12 month low of $22.47 and a 12 month high of $22.93.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 21st were paid a $0.11 dividend. The ex-dividend date was Monday, October 21st. This represents a $1.32 annualized dividend and a yield of 5.82%.

Institutional Investors Weigh In On Invesco BulletShares 2024 High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF in the first quarter worth $17,997,000. Delta Investment Management LLC boosted its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 160.8% in the second quarter. Delta Investment Management LLC now owns 297,060 shares of the company’s stock worth $6,749,000 after acquiring an additional 183,155 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 16.3% in the first quarter. Cetera Advisors LLC now owns 761,172 shares of the company’s stock worth $17,301,000 after acquiring an additional 106,841 shares in the last quarter. Evexia Wealth LLC boosted its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 105.2% in the second quarter. Evexia Wealth LLC now owns 119,541 shares of the company’s stock worth $2,704,000 after acquiring an additional 61,290 shares in the last quarter. Finally, Tyler Stone Wealth Management boosted its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 79.6% in the third quarter. Tyler Stone Wealth Management now owns 134,845 shares of the company’s stock worth $3,064,000 after acquiring an additional 59,759 shares in the last quarter.

About Invesco BulletShares 2024 High Yield Corporate Bond ETF

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.