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Invesco BulletShares 2024 High Yield Corporate Bond ETF declares monthly distribution of $0.1156
Seeking Alpha News (Mon, 22-Apr 10:52 AM ET)
The Invesco BulletShares 2024 High Yield Corporate Bond ETF (Fund) is based on the Nasdaq Bulletshares USD High Yield Corporate Bond 2024 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2024. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2024 and will terminate on or about Dec. 31, 2024.
Invesco Bulletshares 2024 High Yield Corporate Bond ETF trades on the ARCA stock market under the symbol BSJO.
As of April 24, 2024, BSJO stock price declined to $22.69 with 87,728 million shares trading.
BSJO has a beta of 0.09, meaning it tends to be less sensitive to market movements. BSJO has a correlation of 0.38 to the broad based SPY ETF.
BSJO has a market cap of $671.77 million. This is considered a Small Cap stock.
In the last 3 years, BSJO stock traded as high as $25.26 and as low as $21.41.
BSJO has underperformed the market in the last year with a return of +7.8%, while the SPY ETF gained +24.1%. In the last 3 month period, BSJO fell short of the market, returning +1.6%, while SPY returned +4.5%. However, in the most recent 2 weeks BSJO has outperformed the stock market by returning +0.3%, while SPY returned -1.7%.
BSJO support price is $22.68 and resistance is $22.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSJO stock will trade within this expected range on the day.