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 recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 45,100 shares, a growth of 12.8% from the May 31st total of 40,000 shares. Based on an average daily volume of 30,100 shares, the short-interest ratio is presently 1.5 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Trading Up 0.7 %

Shares of BSJT stock traded up $0.15 during trading on Wednesday, reaching $21.15. The company’s stock had a trading volume of 22,733 shares, compared to its average volume of 28,374. The stock’s 50-day moving average price is $21.07 and its 200 day moving average price is $21.08. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1-year low of $19.29 and a 1-year high of $21.38.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.1248 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.50 dividend on an annualized basis and a yield of 7.08%. This is an increase from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter worth approximately $29,000. GAMMA Investing LLC purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter worth approximately $33,000. Capital Analysts LLC purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter worth approximately $43,000. Rovin Capital UT ADV purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the first quarter worth approximately $264,000. Finally, Raymond James & Associates purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter worth approximately $344,000.

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.