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) was the target of a large 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. Based on an average daily volume of 135,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Price Performance

Shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF stock traded up $0.05 during trading on Friday, hitting $22.49. 115,666 shares of the stock were exchanged, compared to its average volume of 92,893. The firm’s 50-day moving average price is $22.58 and its 200 day moving average price is $22.58. Invesco BulletShares 2027 High Yield Corporate Bond ETF has a 12-month low of $21.82 and a 12-month high of $22.77.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2027 High Yield Corporate Bond ETF

Several institutional investors have recently modified their holdings of BSJR. Captrust Financial Advisors purchased a new stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the 3rd quarter worth $5,905,000. Cetera Investment Advisers lifted its position in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 35.7% in the fourth quarter. Cetera Investment Advisers now owns 721,523 shares of the company’s stock valued at $16,162,000 after acquiring an additional 189,844 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Invesco BulletShares 2027 High Yield Corporate Bond ETF in the fourth quarter valued at $3,506,000. Bright Futures Wealth Management LLC. acquired a new position in Invesco BulletShares 2027 High Yield Corporate Bond ETF in the fourth quarter valued at $2,929,000. Finally, Wells Fargo & Company MN increased its stake in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 836,922 shares of the company’s stock valued at $18,747,000 after purchasing an additional 117,807 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.