Invesco Senior Loan ETF (BKLN) Sees Significant Increase in Short Interest

Invesco Senior Loan ETF (NYSEARCA:BKLN) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 44,332,199 shares, a growth of 62.9% from the October 15th total of 27,216,969 shares. Based on an average daily volume of 7,225,905 shares, the short-interest ratio is presently 6.1 days.

BKLN stock opened at $23.06 on Friday. Invesco Senior Loan ETF has a 1 year low of $22.86 and a 1 year high of $23.27.

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 23rd were given a dividend of $0.0803 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Monday, October 22nd. This is a positive change from Invesco Senior Loan ETF’s previous monthly dividend of $0.08.

Several hedge funds and other institutional investors have recently modified their holdings of BKLN. BlackRock Inc. raised its position in shares of Invesco Senior Loan ETF by 296.6% during the 3rd quarter. BlackRock Inc. now owns 5,842,321 shares of the exchange traded fund’s stock worth $135,367,000 after acquiring an additional 4,369,383 shares in the last quarter. Charles Schwab Investment Advisory Inc. raised its position in shares of Invesco Senior Loan ETF by 33.2% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 14,392,586 shares of the exchange traded fund’s stock worth $329,591,000 after acquiring an additional 3,588,875 shares in the last quarter. Florin Court Capital LLP raised its position in shares of Invesco Senior Loan ETF by 359.0% during the 3rd quarter. Florin Court Capital LLP now owns 1,646,350 shares of the exchange traded fund’s stock worth $38,146,000 after acquiring an additional 1,287,700 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco Senior Loan ETF by 53.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,534,033 shares of the exchange traded fund’s stock worth $80,930,000 after acquiring an additional 1,227,735 shares in the last quarter. Finally, TD Asset Management Inc. acquired a new stake in shares of Invesco Senior Loan ETF during the 2nd quarter worth about $26,062,000.

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