Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Sees Large Drop in Short Interest

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 110,162 shares, a decline of 28.2% from the January 29th total of 153,383 shares. Based on an average daily volume of 163,783 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 163,783 shares, the short-interest ratio is currently 0.7 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

Shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF stock traded down $0.05 on Monday, reaching $21.21. The company had a trading volume of 4,887 shares, compared to its average volume of 164,184. The firm’s 50-day moving average price is $21.50 and its two-hundred day moving average price is $21.51. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1 year low of $19.95 and a 1 year high of $21.75.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1124 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 6.4%.

Hedge Funds Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. raised its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 5.9% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 44,920 shares of the company’s stock worth $958,000 after purchasing an additional 2,505 shares during the period. Compound Planning Inc. grew its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 59.4% during the fourth quarter. Compound Planning Inc. now owns 51,835 shares of the company’s stock valued at $1,115,000 after buying an additional 19,308 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 1.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 469,461 shares of the company’s stock worth $10,098,000 after buying an additional 8,643 shares during the period. Ark Wealth Advisors LLC bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 4th quarter worth approximately $704,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 14.0% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 32,091 shares of the company’s stock worth $691,000 after acquiring an additional 3,934 shares during the last quarter.

About Invesco BulletShares 2029 High Yield Corporate Bond ETF

The Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) 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 2029. BSJT was launched on Sep 15, 2021 and is managed by Invesco.