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:BSJTGet Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 44,900 shares, a decrease of 25.2% from the May 15th total of 60,000 shares. Based on an average daily trading volume, of 69,600 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Up 0.2%

Shares of NASDAQ:BSJT opened at $21.36 on Friday. The stock’s 50-day moving average is $21.08 and its 200-day moving average is $21.30. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 52-week low of $19.95 and a 52-week high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 19th were paid a dividend of $0.1267 per share. This is a boost from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date was Monday, May 19th. This represents a $1.52 dividend on an annualized basis and a yield of 7.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC bought a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter worth approximately $36,000. NewEdge Advisors LLC boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 908.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,026 shares of the company’s stock worth $43,000 after purchasing an additional 1,825 shares during the period. CWM LLC acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 1st quarter worth $50,000. MorganRosel Wealth Management LLC acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 1st quarter worth $127,000. Finally, JPMorgan Chase & Co. bought a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 4th quarter worth about $160,000.

About Invesco BulletShares 2029 High Yield Corporate Bond ETF

(Get Free Report)

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.

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