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

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 66,500 shares, a decrease of 5.8% from the August 31st total of 70,600 shares. Based on an average daily volume of 55,000 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 36.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,960 shares of the company’s stock valued at $41,000 after purchasing an additional 520 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 22.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 306,447 shares of the company’s stock valued at $6,423,000 after acquiring an additional 55,708 shares during the period. Envestnet Asset Management Inc. grew its position in shares of 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 acquiring an additional 70,293 shares during the last quarter. SFE Investment Counsel increased its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 103.6% in the 2nd quarter. SFE Investment Counsel now owns 210,191 shares of the company’s stock valued at $4,406,000 after acquiring an additional 106,948 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 2nd quarter valued at $77,000.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

Shares of NASDAQ:BSJT opened at $21.70 on Wednesday. The firm has a 50 day simple moving average of $21.59 and a 200-day simple moving average of $21.27. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a twelve month low of $19.29 and a twelve month high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.116 per share. This represents a $1.39 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, September 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.