Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $21.56 and traded as low as $21.49. Invesco BulletShares 2028 High Yield Corporate Bond ETF shares last traded at $21.52, with a volume of 110,394 shares trading hands.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Stock Down 0.3%

The firm’s 50 day moving average price is $21.56 and its two-hundred day moving average price is $21.76.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were issued a $0.1056 dividend. This is a boost from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1046. This represents a $1.27 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, October 19th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BSJS. IFP Advisors Inc increased its stake in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 121.5% during the second quarter. IFP Advisors Inc now owns 2,880 shares of the company’s stock worth $63,000 after acquiring an additional 1,580 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF in the 3rd quarter valued at $81,000. Latitude Advisors LLC acquired a new position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF in the 3rd quarter valued at $102,000. Alaska Permanent Capital Management LLC acquired a new position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF in the 3rd quarter valued at $160,000. Finally, Denver PWM LLC purchased a new position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF during the 2nd quarter worth $206,000.

About Invesco BulletShares 2028 High Yield Corporate Bond ETF

The Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate high yield bonds with effective maturities in 2028. BSJS was launched on Sep 16, 2020 and is managed by Invesco.