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) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 213,173 shares, a growth of 585.4% from the June 15th total of 31,104 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 178,371 shares, the short-interest ratio is currently 1.2 days.

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

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

Invesco BulletShares 2029 High Yield Corporate Bond ETF Trading Down 0.0%

Shares of NASDAQ:BSJT traded down $0.01 during trading on Friday, hitting $21.16. The stock had a trading volume of 251,826 shares, compared to its average volume of 155,220. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 12-month low of $20.72 and a 12-month high of $21.75. The stock has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $21.28.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

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

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.