Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Up 748.1% in May

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 454,392 shares, an increase of 748.1% from the April 30th total of 53,575 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 172,434 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSJT. Leo Wealth LLC acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter valued at about $9,098,000. IHT Wealth Management LLC bought a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter valued at approximately $7,940,000. Banta Asset Management LP bought a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter valued at approximately $6,561,000. Wells Fargo & Company MN lifted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 62.0% in the fourth quarter. Wells Fargo & Company MN now owns 594,865 shares of the company’s stock valued at $12,796,000 after buying an additional 227,750 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 106.3% in the 4th quarter. Cetera Investment Advisers now owns 398,548 shares of the company’s stock valued at $8,573,000 after purchasing an additional 205,320 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

BSJT stock traded up $0.04 during midday trading on Friday, reaching $21.22. The company’s stock had a trading volume of 54,660 shares, compared to its average volume of 151,901. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 52 week low of $20.72 and a 52 week high of $21.75. The business’s 50-day simple moving average is $21.16 and its 200-day simple moving average is $21.35.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.1197 dividend. The ex-dividend date of this dividend was Monday, May 18th.

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.