Invesco BulletShares 2032 High Yield Corporate Bond ETF (NASDAQ:BSJW) Sees Large Drop in Short Interest

Invesco BulletShares 2032 High Yield Corporate Bond ETF (NASDAQ:BSJW) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,032 shares, a drop of 72.5% from the September 30th total of 11,010 shares. Based on an average trading volume of 9,695 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Invesco BulletShares 2032 High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SFE Investment Counsel acquired a new stake in shares of Invesco BulletShares 2032 High Yield Corporate Bond ETF in the third quarter valued at $1,137,000. Royal Bank of Canada boosted its stake in Invesco BulletShares 2032 High Yield Corporate Bond ETF by 10.5% during the first quarter. Royal Bank of Canada now owns 55,616 shares of the company’s stock valued at $1,400,000 after buying an additional 5,302 shares in the last quarter. Finally, Alaska Permanent Capital Management LLC acquired a new position in Invesco BulletShares 2032 High Yield Corporate Bond ETF during the first quarter worth about $257,000.

Invesco BulletShares 2032 High Yield Corporate Bond ETF Price Performance

NASDAQ:BSJW remained flat at $24.38 during midday trading on Thursday. The company had a trading volume of 5,359 shares, compared to its average volume of 11,285. Invesco BulletShares 2032 High Yield Corporate Bond ETF has a 1 year low of $24.04 and a 1 year high of $26.00. The company’s 50 day moving average price is $24.70 and its 200-day moving average price is $25.24.

Invesco BulletShares 2032 High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were paid a dividend of $0.1412 per share. This represents a $1.69 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Monday, October 19th. This is an increase from Invesco BulletShares 2032 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1329.

About Invesco BulletShares 2032 High Yield Corporate Bond ETF

The Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield corporate bonds with effective maturities in 2032. BSJW was launched on Jun 12, 2024 and is issued by Invesco.