Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Up 611.5% in August

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 303,800 shares, anincreaseof611.5% from the July 31st total of 42,700 shares. Based on an average trading volume of 82,100 shares, the days-to-cover ratio is currently 3.7 days. Based on an average trading volume of 82,100 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

A number of institutional investors have recently modified their holdings of BSJT. LPL Financial LLC increased its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 42.7% during the first quarter. LPL Financial LLC now owns 1,305,008 shares of the company’s stock valued at $27,510,000 after buying an additional 390,650 shares during the period. Legacy Financial Group LLC grew its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 4.6% in the first quarter. Legacy Financial Group LLC now owns 690,857 shares of the company’s stock worth $14,563,000 after purchasing an additional 30,268 shares during the period. Equitable Holdings Inc. grew its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.6% in the second quarter. Equitable Holdings Inc. now owns 594,497 shares of the company’s stock worth $12,794,000 after purchasing an additional 41,945 shares during the period. Envestnet Asset Management Inc. grew its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 379,932 shares of the company’s stock worth $8,176,000 after purchasing an additional 8,744 shares during the period. Finally, Kaye Capital Management grew its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 151.9% in the second quarter. Kaye Capital Management now owns 355,560 shares of the company’s stock worth $7,652,000 after purchasing an additional 214,407 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

Shares of BSJT traded down $0.03 during trading hours on Tuesday, reaching $21.47. 21,293 shares of the company’s stock traded hands, compared to its average volume of 81,448. The firm’s 50 day simple moving average is $21.46 and its 200-day simple moving average is $21.26. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 12 month low of $19.95 and a 12 month high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 18th were paid a $0.1249 dividend. This is an increase 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, August 18th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.