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

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 43,900 shares, a decrease of 37.2% from the October 15th total of 69,900 shares. Based on an average trading volume of 69,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the third quarter worth about $464,000. Atomi Financial Group Inc. purchased a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 2nd quarter valued at about $201,000. Envestnet Asset Management Inc. boosted its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 321,602 shares of the company’s stock worth $6,741,000 after purchasing an additional 70,293 shares in the last quarter. GAMMA Investing LLC purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter worth approximately $33,000. Finally, SFE Investment Counsel grew its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 17.2% in the third quarter. SFE Investment Counsel now owns 246,294 shares of the company’s stock valued at $5,384,000 after purchasing an additional 36,103 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

Shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF stock remained flat at $21.68 during trading on Friday. 19,527 shares of the company traded hands, compared to its average volume of 41,629. The firm’s 50-day simple moving average is $21.72 and its 200-day simple moving average is $21.41. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 12-month low of $20.17 and a 12-month high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were issued a dividend of $0.123 per share. This represents a $1.48 annualized dividend and a dividend yield of 6.81%. This is a positive change from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Monday, October 21st.

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.