Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Update

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 61,715 shares, a drop of 71.0% from the June 30th total of 213,173 shares. Based on an average daily volume of 184,574 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BSJT. Compound Planning Inc. increased its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 1.2% during the 1st quarter. Compound Planning Inc. now owns 52,446 shares of the company’s stock worth $1,103,000 after buying an additional 611 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 11,927 shares of the company’s stock worth $235,000 after acquiring an additional 776 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 35,155 shares of the company’s stock valued at $756,000 after acquiring an additional 795 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 1.3% in the fourth quarter. NewEdge Advisors LLC now owns 65,905 shares of the company’s stock valued at $1,418,000 after acquiring an additional 871 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2.5% in the second quarter. HUB Investment Partners LLC now owns 37,963 shares of the company’s stock valued at $817,000 after purchasing an additional 920 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Trading Up 0.1%

Shares of BSJT traded up $0.02 during midday trading on Monday, hitting $21.01. 85,944 shares of the stock were exchanged, compared to its average volume of 153,126. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 52-week low of $20.72 and a 52-week high of $21.75. The stock has a fifty day simple moving average of $21.15 and a 200 day simple moving average of $21.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were given a $0.1137 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend and a yield of 6.5%. This is an increase from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.11.

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.