Short Interest in Invesco BulletShares 2031 High Yield Corporate Bond ETF (NASDAQ:BSJV) Drops By 50.2%

Invesco BulletShares 2031 High Yield Corporate Bond ETF (NASDAQ:BSJV) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 27,048 shares, a drop of 50.2% from the July 15th total of 54,320 shares. Based on an average daily volume of 33,925 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the shares of the stock are sold short.

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

Large investors have recently modified their holdings of the business. Equitable Holdings Inc. raised its holdings in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 99.5% in the fourth quarter. Equitable Holdings Inc. now owns 241,455 shares of the company’s stock worth $6,447,000 after buying an additional 120,407 shares during the last quarter. SFE Investment Counsel grew its holdings in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 34.3% during the first quarter. SFE Investment Counsel now owns 91,804 shares of the company’s stock valued at $2,386,000 after buying an additional 23,456 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 12.2% in the 2nd quarter. Raymond James Financial Inc. now owns 74,155 shares of the company’s stock valued at $1,978,000 after acquiring an additional 8,064 shares during the period. Jane Street Group LLC increased its position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 122.7% in the 1st quarter. Jane Street Group LLC now owns 68,301 shares of the company’s stock valued at $1,778,000 after acquiring an additional 37,629 shares during the period. Finally, Royal Bank of Canada raised its stake in Invesco BulletShares 2031 High Yield Corporate Bond ETF by 4.5% in the 1st quarter. Royal Bank of Canada now owns 47,939 shares of the company’s stock worth $1,246,000 after acquiring an additional 2,074 shares during the last quarter.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Stock Performance

Shares of NASDAQ:BSJV remained flat at $26.13 on Monday. The stock had a trading volume of 88,173 shares, compared to its average volume of 25,839. The stock’s 50 day simple moving average is $26.15 and its 200 day simple moving average is $26.28. Invesco BulletShares 2031 High Yield Corporate Bond ETF has a fifty-two week low of $25.66 and a fifty-two week high of $26.96.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a $0.1472 dividend. This represents a c) annualized dividend and a yield of 6.8%. This is a boost from Invesco BulletShares 2031 High Yield Corporate Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, July 20th.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Company Profile

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.