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

Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 46,800 shares, a decrease of 54.1% from the February 13th total of 102,000 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 135,500 shares, the days-to-cover ratio is currently 0.3 days.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Price Performance

Shares of BSJR stock opened at $22.49 on Friday. Invesco BulletShares 2027 High Yield Corporate Bond ETF has a one year low of $21.82 and a one year high of $22.77. The company’s 50-day moving average is $22.58 and its 200 day moving average is $22.58.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a dividend of $0.1191 per share. The ex-dividend date was Monday, February 24th.

Institutional Trading of Invesco BulletShares 2027 High Yield Corporate Bond ETF

Several institutional investors have recently bought and sold shares of BSJR. Captrust Financial Advisors purchased a new stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the 3rd quarter valued at about $5,905,000. Cetera Investment Advisers boosted its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 35.7% during the 4th quarter. Cetera Investment Advisers now owns 721,523 shares of the company’s stock valued at $16,162,000 after acquiring an additional 189,844 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the 4th quarter valued at about $3,506,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the 4th quarter valued at about $2,929,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 836,922 shares of the company’s stock valued at $18,747,000 after acquiring an additional 117,807 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.