Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Sees Large Growth in Short Interest

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 69,900 shares, a growth of 282.0% from the September 30th total of 18,300 shares. Based on an average daily trading volume, of 66,000 shares, the days-to-cover ratio is presently 1.1 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

Shares of NASDAQ BSJT remained flat at $21.56 during mid-day trading on Friday. 9,799 shares of the company were exchanged, compared to its average volume of 40,898. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1 year low of $19.38 and a 1 year high of $22.25. The stock has a 50-day simple moving average of $21.71 and a 200 day simple moving average of $21.33.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 21st will be paid a $0.123 dividend. This represents a $1.48 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Monday, October 21st. This is a boost from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSJT. GAMMA Investing LLC acquired a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 36.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,960 shares of the company’s stock valued at $41,000 after acquiring an additional 520 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 2nd quarter worth approximately $77,000. Key Financial Inc purchased a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter worth $98,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 2nd quarter worth $201,000.

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.