Short Interest in Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Expands By 585.4%

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 213,173 shares, an increase of 585.4% from the June 15th total of 31,104 shares. Based on an average daily volume of 178,371 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Private Trust Co. NA boosted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 328.7% during the 4th quarter. Private Trust Co. NA now owns 1,925 shares of the company’s stock valued at $41,000 after purchasing an additional 1,476 shares in the last quarter. Anchor Investment Management LLC increased its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 465.1% in the third quarter. Anchor Investment Management LLC now owns 2,430 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares in the last quarter. Claris Financial LLC acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the first quarter valued at approximately $65,000. Fifth Third Bancorp acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the first quarter valued at approximately $99,000. Finally, Comerica Bank boosted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 573.1% during the 4th quarter. Comerica Bank now owns 4,698 shares of the company’s stock worth $101,000 after buying an additional 4,000 shares in the last quarter.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Trading Down 0.0%

Shares of BSJT traded down $0.01 during trading hours on Friday, hitting $21.16. 251,826 shares of the stock were exchanged, compared to its average volume of 155,220. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a fifty-two week low of $20.72 and a fifty-two week high of $21.75. The business has a 50-day moving average of $21.18 and a 200-day moving average of $21.28.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1098 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Company Profile

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.