Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Up 81.3% in May

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 60,000 shares, a growth of 81.3% from the April 30th total of 33,100 shares. Based on an average trading volume of 71,900 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter valued at about $2,263,000. NewEdge Advisors LLC raised its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 908.0% during the fourth quarter. NewEdge Advisors LLC now owns 2,026 shares of the company’s stock valued at $43,000 after acquiring an additional 1,825 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 191.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 36,166 shares of the company’s stock valued at $774,000 after acquiring an additional 23,767 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 397,222 shares of the company’s stock valued at $8,498,000 after purchasing an additional 5,144 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 389.1% in the fourth quarter. Wells Fargo & Company MN now owns 102,245 shares of the company’s stock valued at $2,187,000 after purchasing an additional 81,341 shares during the period.

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

BSJT stock opened at $21.13 on Monday. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a twelve month low of $19.95 and a twelve month high of $22.25. The business’s fifty day simple moving average is $20.94 and its two-hundred day simple moving average is $21.33.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 19th were issued a $0.1267 dividend. The ex-dividend date was Monday, May 19th. This is a boost from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.19%.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Company Profile

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.