Invesco Senior Loan ETF (NYSEARCA:BKLN) Sees Large Increase in Short Interest

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 40,801,401 shares, an increase of 139.1% from the January 29th total of 17,062,529 shares. Approximately 11.2% of the shares of the company are short sold. Based on an average trading volume of 21,510,612 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 21,510,612 shares, the short-interest ratio is presently 1.9 days. Approximately 11.2% of the shares of the company are short sold.

Invesco Senior Loan ETF Price Performance

Invesco Senior Loan ETF stock opened at $20.34 on Friday. The firm has a 50-day moving average price of $20.83 and a two-hundred day moving average price of $20.89. Invesco Senior Loan ETF has a 52-week low of $20.02 and a 52-week high of $21.07.

Invesco Senior Loan ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.1006 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Investors Weigh In On Invesco Senior Loan ETF

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in Invesco Senior Loan ETF by 61.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 409,643 shares of the exchange traded fund’s stock worth $8,574,000 after purchasing an additional 155,549 shares during the period. Bain Capital Credit LP grew its holdings in shares of Invesco Senior Loan ETF by 28.2% during the second quarter. Bain Capital Credit LP now owns 3,561,802 shares of the exchange traded fund’s stock worth $74,513,000 after buying an additional 784,368 shares in the last quarter. AEGON USA Investment Management LLC raised its position in Invesco Senior Loan ETF by 75.0% in the 3rd quarter. AEGON USA Investment Management LLC now owns 63,000 shares of the exchange traded fund’s stock valued at $1,319,000 after buying an additional 27,000 shares during the last quarter. Mechanics Bank Trust Department raised its position in Invesco Senior Loan ETF by 11.6% in the 3rd quarter. Mechanics Bank Trust Department now owns 692,075 shares of the exchange traded fund’s stock valued at $14,485,000 after buying an additional 72,155 shares during the last quarter. Finally, Asset Allocation Strategies LLC grew its stake in shares of Invesco Senior Loan ETF by 32.5% during the 3rd quarter. Asset Allocation Strategies LLC now owns 111,217 shares of the exchange traded fund’s stock worth $2,328,000 after acquiring an additional 27,261 shares in the last quarter.

About Invesco Senior Loan ETF

The Invesco Senior Loan ETF (BKLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of senior loans issued by banks to corporations. BKLN was launched on Mar 3, 2011 and is managed by Invesco.