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 target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 53,575 shares, a growth of 574.2% from the April 15th total of 7,946 shares. Based on an average trading volume of 92,616 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

Several hedge funds have recently made changes to their positions in BSJT. Pacific Wealth Strategies Group Inc. boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 40.7% during the first quarter. Pacific Wealth Strategies Group Inc. now owns 76,287 shares of the company’s stock worth $1,605,000 after buying an additional 22,074 shares in the last quarter. IMA Advisory Services Inc. lifted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 3.4% during the 1st quarter. IMA Advisory Services Inc. now owns 330,313 shares of the company’s stock valued at $6,948,000 after acquiring an additional 10,883 shares during the last quarter. Oder Investment Management LLC boosted its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 16.8% during the 1st quarter. Oder Investment Management LLC now owns 145,376 shares of the company’s stock worth $3,058,000 after acquiring an additional 20,958 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 1st quarter worth $470,000. Finally, Carnegie Investment Counsel grew its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 13.4% in the 1st quarter. Carnegie Investment Counsel now owns 33,029 shares of the company’s stock worth $695,000 after acquiring an additional 3,900 shares during the last quarter.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

BSJT traded down $0.03 during trading on Tuesday, reaching $21.23. The stock had a trading volume of 51,950 shares, compared to its average volume of 137,882. The stock has a 50 day moving average of $21.16 and a two-hundred day moving average of $21.38. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1-year low of $20.72 and a 1-year high of $21.75.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were issued a $0.117 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.11.

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.