Short Interest in Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Rises By 12.8%

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 45,100 shares, a growth of 12.8% from the May 31st total of 40,000 shares. Based on an average trading volume of 30,100 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter worth $33,000. Capital Analysts LLC purchased a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the fourth quarter valued at $43,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 16.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,171 shares of the company’s stock worth $639,000 after purchasing an additional 4,156 shares during the last quarter. Finally, TCG Advisory Services LLC increased its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 39.4% in the 4th quarter. TCG Advisory Services LLC now owns 30,881 shares of the company’s stock worth $654,000 after buying an additional 8,721 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

Shares of BSJT stock traded up $0.15 during trading hours on Wednesday, reaching $21.15. 22,733 shares of the stock were exchanged, compared to its average volume of 28,374. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 12-month low of $19.29 and a 12-month high of $21.38. The company’s 50-day moving average price is $21.07 and its 200-day moving average price is $21.08.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.1248 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12.

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.