Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) Short Interest Down 40.4% in July

Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 5,600 shares, a decline of 40.4% from the June 30th total of 9,400 shares. Based on an average daily volume of 178,500 shares, the days-to-cover ratio is presently 0.0 days.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Stock Performance

Shares of NASDAQ:BSJO opened at $22.63 on Friday. The firm has a 50 day simple moving average of $22.73 and a 200-day simple moving average of $22.73. Invesco BulletShares 2024 High Yield Corporate Bond ETF has a twelve month low of $22.32 and a twelve month high of $22.93.

Invesco BulletShares 2024 High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 26th. Investors of record on Monday, July 22nd will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, July 22nd. This represents a $1.26 dividend on an annualized basis and a yield of 5.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BSJO. Raymond James & Associates raised its holdings in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 190.4% during the fourth quarter. Raymond James & Associates now owns 125,617 shares of the company’s stock worth $2,853,000 after purchasing an additional 82,364 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF by 1.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 374,056 shares of the company’s stock valued at $8,497,000 after buying an additional 6,334 shares during the period. Ballew Advisors Inc boosted its stake in shares of Invesco BulletShares 2024 High Yield Corporate Bond ETF by 34.0% in the fourth quarter. Ballew Advisors Inc now owns 72,409 shares of the company’s stock valued at $1,644,000 after buying an additional 18,381 shares in the last quarter. Inscription Capital LLC acquired a new position in Invesco BulletShares 2024 High Yield Corporate Bond ETF during the fourth quarter worth $280,000. Finally, Mirador Capital Partners LP raised its position in Invesco BulletShares 2024 High Yield Corporate Bond ETF by 35.1% in the fourth quarter. Mirador Capital Partners LP now owns 3,382,059 shares of the company’s stock worth $76,823,000 after acquiring an additional 877,779 shares in the last quarter.

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.