Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Up 585.4% in June

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 213,173 shares, an increase of 585.4% from the June 15th total of 31,104 shares. Based on an average daily volume of 178,371 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 23.9% in the 1st quarter. Royal Bank of Canada now owns 49,448 shares of the company’s stock worth $1,042,000 after acquiring an additional 9,533 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2,821.7% during the 1st quarter. NewEdge Advisors LLC now owns 59,194 shares of the company’s stock valued at $1,248,000 after purchasing an additional 57,168 shares during the last quarter. Brown Advisory Inc. bought a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 2nd quarter worth approximately $304,000. HUB Investment Partners LLC increased its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2.5% during the 2nd quarter. HUB Investment Partners LLC now owns 37,963 shares of the company’s stock worth $817,000 after purchasing an additional 920 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 13.4% during the 2nd quarter. Raymond James Financial Inc. now owns 142,219 shares of the company’s stock worth $3,061,000 after purchasing an additional 16,842 shares in the last quarter.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

NASDAQ BSJT traded down $0.01 during mid-day trading on Friday, hitting $21.16. The company’s stock had a trading volume of 251,826 shares, compared to its average volume of 155,220. The company’s 50 day simple moving average is $21.18 and its 200 day simple moving average is $21.28. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a twelve month low of $20.72 and a twelve month high of $21.75.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.1098 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, June 22nd.

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.