Short Interest in Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) Grows By 12,542.9%

Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 88,500 shares, an increase of 12,542.9% from the May 31st total of 700 shares. Based on an average daily volume of 150,400 shares, the days-to-cover ratio is currently 0.6 days.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Stock Performance

BSJO traded down $0.01 during trading on Thursday, reaching $22.72. 25,022 shares of the stock traded hands, compared to its average volume of 180,447. The stock’s 50-day moving average is $22.75 and its 200 day moving average is $22.73. 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 will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be given a dividend of $0.1102 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.82%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Delta Investment Management LLC raised its holdings in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF by 205.0% in the 4th quarter. Delta Investment Management LLC now owns 48,866 shares of the company’s stock worth $1,110,000 after acquiring an additional 32,844 shares during the last quarter. Blue Barn Wealth LLC purchased a new stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF in the 4th quarter valued at about $3,135,000. Avantax Advisory Services Inc. increased its stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 2.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 45,625 shares of the company’s stock valued at $1,036,000 after buying an additional 1,300 shares during the last quarter. Oder Investment Management LLC increased its stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 1.3% in the 4th quarter. Oder Investment Management LLC now owns 184,952 shares of the company’s stock valued at $4,201,000 after buying an additional 2,286 shares during the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF in the 4th quarter valued at about $32,000.

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.