Invesco Senior Loan ETF (NYSEARCA:BKLN) Short Interest Update

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 40,801,401 shares, an increase of 139.1% from the January 29th total of 17,062,529 shares. Approximately 11.2% of the shares of the stock are sold short. Based on an average daily volume of 21,510,612 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 21,510,612 shares, the days-to-cover ratio is presently 1.9 days. Approximately 11.2% of the shares of the stock are sold short.

Invesco Senior Loan ETF Price Performance

Invesco Senior Loan ETF stock opened at $20.34 on Friday. Invesco Senior Loan ETF has a 52 week low of $20.02 and a 52 week high of $21.07. The stock has a fifty day moving average of $20.83 and a 200-day moving average of $20.89.

Invesco Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be given a dividend of $0.1006 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, February 23rd.

Institutional Trading of Invesco Senior Loan ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tempo Wealth LLC bought a new position in shares of Invesco Senior Loan ETF in the 4th quarter valued at $2,318,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Invesco Senior Loan ETF by 5.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 142,122 shares of the exchange traded fund’s stock valued at $2,985,000 after purchasing an additional 6,745 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Invesco Senior Loan ETF by 1.5% during the fourth quarter. Invesco Ltd. now owns 8,730,629 shares of the exchange traded fund’s stock valued at $183,343,000 after purchasing an additional 131,683 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of Invesco Senior Loan ETF during the fourth quarter worth about $89,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Invesco Senior Loan ETF by 18.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 251,969 shares of the exchange traded fund’s stock valued at $5,291,000 after buying an additional 39,624 shares during the period.

Invesco Senior Loan ETF Company Profile

The Invesco Senior Loan ETF (BKLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of senior loans issued by banks to corporations. BKLN was launched on Mar 3, 2011 and is managed by Invesco.