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

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

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

NASDAQ BSJT opened at $21.23 on Friday. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a one year low of $20.72 and a one year high of $21.75. The business’s fifty day moving average is $21.16 and its 200-day moving average is $21.35.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.1197 per share. The ex-dividend date was Monday, May 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.2% in the fourth quarter. LPL Financial LLC now owns 2,444,246 shares of the company’s stock valued at $52,576,000 after acquiring an additional 163,307 shares during the last quarter. Legacy Financial Group LLC boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 12.7% in the fourth quarter. Legacy Financial Group LLC now owns 820,334 shares of the company’s stock valued at $17,596,000 after acquiring an additional 92,674 shares during the last quarter. Equitable Holdings Inc. boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 5.2% in the third quarter. Equitable Holdings Inc. now owns 625,312 shares of the company’s stock valued at $13,488,000 after acquiring an additional 30,815 shares during the last quarter. Wells Fargo & Company MN boosted 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 acquiring an additional 227,750 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 45.7% in the first quarter. Cetera Investment Advisers now owns 580,655 shares of the company’s stock valued at $12,214,000 after acquiring an additional 182,107 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.