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

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

Institutional Investors Weigh In On Invesco BulletShares 2031 High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSJV. Leo Wealth LLC acquired a new position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF in the 4th quarter valued at $7,344,000. Equitable Holdings Inc. increased its stake in Invesco BulletShares 2031 High Yield Corporate Bond ETF by 158.2% in the third quarter. Equitable Holdings Inc. now owns 121,048 shares of the company’s stock valued at $3,243,000 after purchasing an additional 74,174 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 12.2% in the second quarter. Raymond James Financial Inc. now owns 74,155 shares of the company’s stock valued at $1,978,000 after buying an additional 8,064 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 122.7% during the first quarter. Jane Street Group LLC now owns 68,301 shares of the company’s stock worth $1,778,000 after buying an additional 37,629 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF during the fourth quarter worth about $747,000.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Trading Up 0.2%

Shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF stock traded up $0.05 during trading hours on Monday, hitting $26.75. The company had a trading volume of 22,779 shares, compared to its average volume of 33,668. The company’s 50-day moving average is $26.68 and its two-hundred day moving average is $26.63. Invesco BulletShares 2031 High Yield Corporate Bond ETF has a twelve month low of $24.74 and a twelve 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. Stockholders of record on Tuesday, January 20th were issued a $0.1375 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, January 20th.

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.