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

Invesco Senior Loan ETF (NYSEARCA:BKLN) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 80,417,434 shares, an increase of 20.3% from the February 26th total of 66,828,870 shares. Based on an average daily trading volume, of 33,885,411 shares, the short-interest ratio is presently 2.4 days. Approximately 22.1% of the shares of the stock are short sold.

Invesco Senior Loan ETF Price Performance

Shares of NYSEARCA:BKLN opened at $20.31 on Tuesday. The business’s 50 day simple moving average is $20.57 and its 200-day simple moving average is $20.81. Invesco Senior Loan ETF has a 12 month low of $20.02 and a 12 month high of $21.07.

Invesco Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.1006 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Trading of Invesco Senior Loan ETF

Several large investors have recently bought and sold shares of BKLN. Stance Capital LLC purchased a new position in shares of Invesco Senior Loan ETF in the third quarter valued at $28,000. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco Senior Loan ETF in the 4th quarter worth about $30,000. IFP Advisors Inc boosted its position in shares of Invesco Senior Loan ETF by 187.9% in the 4th quarter. IFP Advisors Inc now owns 1,503 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 981 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Invesco Senior Loan ETF in the 4th quarter valued at about $42,000. Finally, Bogart Wealth LLC grew its stake in Invesco Senior Loan ETF by 37.8% in the 3rd quarter. Bogart Wealth LLC now owns 2,206 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 605 shares during 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.