Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) Sees Significant Increase in Short Interest

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 106,096 shares, an increase of 82.0% from the June 30th total of 58,279 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 191,986 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Price Performance

Shares of BSJS remained flat at $21.71 during mid-day trading on Friday. The stock had a trading volume of 58,940 shares, compared to its average volume of 162,373. Invesco BulletShares 2028 High Yield Corporate Bond ETF has a 52 week low of $21.48 and a 52 week high of $22.24. The business’s fifty day moving average price is $21.78 and its 200-day moving average price is $21.84.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were issued a dividend of $0.1088 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous dividend of $0.11.

Hedge Funds Weigh In On Invesco BulletShares 2028 High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 7.0% during the first quarter. Royal Bank of Canada now owns 190,363 shares of the company’s stock worth $4,119,000 after purchasing an additional 12,396 shares during the period. NewEdge Advisors LLC lifted its position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 61,296 shares of the company’s stock worth $1,326,000 after buying an additional 4,439 shares during the last quarter. Invesco Ltd. boosted its stake in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 29.1% in the second quarter. Invesco Ltd. now owns 124,113 shares of the company’s stock valued at $2,737,000 after buying an additional 27,993 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 209,104 shares of the company’s stock valued at $4,611,000 after buying an additional 10,940 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 34.8% in the second quarter. Bank of America Corp DE now owns 91,342 shares of the company’s stock valued at $2,014,000 after acquiring an additional 23,566 shares during the last quarter.

About Invesco BulletShares 2028 High Yield Corporate Bond ETF

The Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate high yield bonds with effective maturities in 2028. BSJS was launched on Sep 16, 2020 and is managed by Invesco.