Short Interest in Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Grows By 39.3%

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 57,800 shares, an increase of 39.3% from the September 30th total of 41,500 shares. Based on an average daily trading volume, of 89,200 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 89,200 shares, the days-to-cover ratio is currently 0.6 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

Shares of BSJT stock opened at $21.36 on Wednesday. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a fifty-two week low of $19.95 and a fifty-two week high of $21.90. The business has a fifty day simple moving average of $21.54 and a 200-day simple moving average of $21.39.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 24th. Stockholders of record on Monday, October 20th were given a $0.1188 dividend. This is an increase from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Monday, October 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 42.7% in the first quarter. LPL Financial LLC now owns 1,305,008 shares of the company’s stock valued at $27,510,000 after buying an additional 390,650 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.6% in the second quarter. Equitable Holdings Inc. now owns 594,497 shares of the company’s stock valued at $12,794,000 after buying an additional 41,945 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 379,932 shares of the company’s stock valued at $8,176,000 after buying an additional 8,744 shares in the last quarter. Kaye Capital Management boosted its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 151.9% during the second quarter. Kaye Capital Management now owns 355,560 shares of the company’s stock valued at $7,652,000 after acquiring an additional 214,407 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter valued at $7,652,000.

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.