Invesco BulletShares 2030 High Yield Corporate Bond ETF (NASDAQ:BSJU) Sees Large Drop in Short Interest

Invesco BulletShares 2030 High Yield Corporate Bond ETF (NASDAQ:BSJU) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 38,303 shares, a drop of 83.3% from the April 30th total of 229,393 shares. Based on an average trading volume of 41,988 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco BulletShares 2030 High Yield Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Asset Dedication LLC bought a new position in Invesco BulletShares 2030 High Yield Corporate Bond ETF during the first quarter worth about $104,000. Royal Bank of Canada increased its position in Invesco BulletShares 2030 High Yield Corporate Bond ETF by 17.2% during the first quarter. Royal Bank of Canada now owns 22,454 shares of the company’s stock worth $575,000 after acquiring an additional 3,294 shares during the period. Cetera Investment Advisers increased its position in Invesco BulletShares 2030 High Yield Corporate Bond ETF by 81.9% during the first quarter. Cetera Investment Advisers now owns 173,308 shares of the company’s stock worth $4,435,000 after acquiring an additional 78,018 shares during the period. IMA Advisory Services Inc. increased its position in Invesco BulletShares 2030 High Yield Corporate Bond ETF by 5.7% during the first quarter. IMA Advisory Services Inc. now owns 8,494 shares of the company’s stock worth $217,000 after acquiring an additional 459 shares during the period. Finally, Independent Financial Group LLC bought a new position in Invesco BulletShares 2030 High Yield Corporate Bond ETF during the first quarter worth about $528,000.

Invesco BulletShares 2030 High Yield Corporate Bond ETF Price Performance

NASDAQ:BSJU traded up $0.06 during mid-day trading on Friday, reaching $25.88. 44,658 shares of the company’s stock were exchanged, compared to its average volume of 64,042. Invesco BulletShares 2030 High Yield Corporate Bond ETF has a one year low of $25.22 and a one year high of $26.35. The business’s fifty day simple moving average is $25.77 and its two-hundred day simple moving average is $25.96.

Invesco BulletShares 2030 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were given a dividend of $0.1519 per share. This is a positive change from Invesco BulletShares 2030 High Yield Corporate Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Monday, May 18th.

Invesco BulletShares 2030 High Yield Corporate Bond ETF Company Profile

The Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) 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 2030. BSJU was launched on Sep 8, 2022 and is managed by Invesco.