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 target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 80,876 shares, a growth of 363.3% from the December 15th total of 17,455 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 210,136 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 210,136 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

NASDAQ:BSJT opened at $21.63 on Thursday. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1-year low of $19.95 and a 1-year high of $21.89. The business’s 50-day moving average price is $21.51 and its two-hundred day moving average price is $21.51.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.1156 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 47.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 41,181 shares of the company’s stock valued at $886,000 after purchasing an additional 13,288 shares in the last quarter. Net Worth Advisory Group grew its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 98.7% in the 4th quarter. Net Worth Advisory Group now owns 22,769 shares of the company’s stock valued at $490,000 after buying an additional 11,309 shares during the period. Sax Wealth Advisors LLC bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter valued at $551,000. Wealth Enhancement Advisory Services LLC raised its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 26.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,433 shares of the company’s stock worth $701,000 after buying an additional 6,882 shares during the period. Finally, Private Client Services LLC raised its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 3.9% during the 4th quarter. Private Client Services LLC now owns 116,454 shares of the company’s stock worth $2,505,000 after buying an additional 4,340 shares during the period.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Company Profile

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.