Invesco BulletShares 2031 High Yield Corporate Bond ETF (NASDAQ:BSJV) Sees Significant Drop in Short Interest

Invesco BulletShares 2031 High Yield Corporate Bond ETF (NASDAQ:BSJV) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 45,082 shares, a drop of 31.1% from the December 31st total of 65,393 shares. Based on an average daily trading volume, of 36,928 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.6% of the company’s shares are short sold. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 36,928 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in Invesco BulletShares 2031 High Yield Corporate Bond ETF in the fourth quarter worth $29,000. Key Financial Inc boosted its holdings in Invesco BulletShares 2031 High Yield Corporate Bond ETF by 127.4% during the second quarter. Key Financial Inc now owns 6,400 shares of the company’s stock valued at $171,000 after purchasing an additional 3,585 shares in the last quarter. Alaska Permanent Capital Management LLC bought a new position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF during the 3rd quarter worth approximately $200,000. Howard Wealth Management LLC acquired a new position in Invesco BulletShares 2031 High Yield Corporate Bond ETF during the fourth quarter worth $215,000. Finally, Bank of America Corp DE grew its holdings in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 448.5% in the 2nd quarter. Bank of America Corp DE now owns 11,331 shares of the company’s stock worth $302,000 after purchasing an additional 9,265 shares during the last quarter.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Stock Up 0.1%

Shares of BSJV traded up $0.03 during midday trading on Friday, reaching $26.70. 7,438 shares of the stock were exchanged, compared to its average volume of 34,377. The firm has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $26.63. Invesco BulletShares 2031 High Yield Corporate Bond ETF has a 12-month low of $24.74 and a 12-month high of $28.06.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.1375 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

About Invesco BulletShares 2031 High Yield Corporate Bond ETF

The Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) 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 2031. BSJV was launched on Sep 20, 2023 and is issued by Invesco.