Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Up 22.5% in March

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 130,274 shares, an increase of 22.5% from the February 26th total of 106,340 shares. Based on an average daily volume of 129,020 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BSJT. Private Trust Co. NA lifted its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 328.7% in the 4th quarter. Private Trust Co. NA now owns 1,925 shares of the company’s stock valued at $41,000 after purchasing an additional 1,476 shares during the period. Anchor Investment Management LLC raised its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 465.1% in the third quarter. Anchor Investment Management LLC now owns 2,430 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares in the last quarter. Horizons Wealth Management raised its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 84.1% in the third quarter. Horizons Wealth Management now owns 3,420 shares of the company’s stock worth $74,000 after purchasing an additional 1,562 shares in the last quarter. Comerica Bank lifted its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 573.1% during the fourth quarter. Comerica Bank now owns 4,698 shares of the company’s stock valued at $101,000 after buying an additional 4,000 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 29.6% during the second quarter. Geneos Wealth Management Inc. now owns 4,730 shares of the company’s stock valued at $102,000 after buying an additional 1,080 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Trading Up 0.3%

Shares of BSJT traded up $0.07 during trading hours on Wednesday, reaching $21.10. 53,919 shares of the company traded hands, compared to its average volume of 148,306. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 12 month low of $19.95 and a 12 month high of $21.75. The company’s fifty day moving average price is $21.29 and its two-hundred day moving average price is $21.44.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1112 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Monday, March 23rd.

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.