Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) Sees Significant Decline in Short Interest

Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 43,780 shares, a drop of 71.9% from the May 14th total of 155,728 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 177,536 shares, the days-to-cover ratio is presently 0.2 days.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Price Performance

NASDAQ:BSJR remained flat at $22.42 during mid-day trading on Friday. 89,768 shares of the company traded hands, compared to its average volume of 178,648. The firm’s fifty day simple moving average is $22.43 and its 200-day simple moving average is $22.52. Invesco BulletShares 2027 High Yield Corporate Bond ETF has a 52-week low of $22.19 and a 52-week high of $22.86.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.1011 dividend. This is an increase from Invesco BulletShares 2027 High Yield Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, May 18th.

Hedge Funds Weigh In On Invesco BulletShares 2027 High Yield Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSJR. GAMMA Investing LLC increased its stake in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 68.1% in the fourth quarter. GAMMA Investing LLC now owns 1,140 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the fourth quarter worth approximately $32,000. Wolff Wiese Magana LLC grew its position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 44.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,445 shares of the company’s stock worth $33,000 after acquiring an additional 445 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the first quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 81.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,459 shares of the company’s stock worth $56,000 after acquiring an additional 1,103 shares during the last quarter.

About Invesco BulletShares 2027 High Yield Corporate Bond ETF

The Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) 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 2027. BSJR was launched on Sep 12, 2019 and is managed by Invesco.