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) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 3,400 shares, a decline of 39.3% from the July 15th total of 5,600 shares. Based on an average daily volume of 178,700 shares, the short-interest ratio is currently 0.0 days.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Stock Up 0.0 %

Shares of BSJO stock traded up $0.01 during trading hours on Wednesday, reaching $22.74. The company had a trading volume of 449,039 shares, compared to its average volume of 191,546. The business has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $22.72. Invesco BulletShares 2024 High Yield Corporate Bond ETF has a 12 month low of $22.32 and a 12 month high of $22.93.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 22nd were paid a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Monday, July 22nd.

Hedge Funds Weigh In On Invesco BulletShares 2024 High Yield Corporate Bond ETF

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF during the fourth quarter valued at about $26,454,000. Cetera Investment Advisers purchased a new position in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF in the 1st quarter worth approximately $17,997,000. Milestone Asset Management LLC boosted its stake in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF by 1,759.7% in the 1st quarter. Milestone Asset Management LLC now owns 486,011 shares of the company’s stock worth $11,047,000 after buying an additional 459,877 shares during the last quarter. UBS Group AG increased its position in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF by 27.0% during the fourth quarter. UBS Group AG now owns 1,642,120 shares of the company’s stock valued at $37,301,000 after acquiring an additional 349,604 shares during the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 5.3% during the first quarter. Mirador Capital Partners LP now owns 3,560,590 shares of the company’s stock worth $80,932,000 after acquiring an additional 178,531 shares during the period.

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.