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

Invesco BulletShares 2030 High Yield Corporate Bond ETF (NASDAQ:BSJU) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 123,360 shares, an increase of 222.1% from the May 14th total of 38,303 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 62,809 shares, the days-to-cover ratio is currently 2.0 days.

Invesco BulletShares 2030 High Yield Corporate Bond ETF Stock Performance

Shares of Invesco BulletShares 2030 High Yield Corporate Bond ETF stock traded down $0.01 on Friday, hitting $25.86. 54,369 shares of the company’s stock traded hands, compared to its average volume of 66,593. The firm’s 50-day moving average is $25.83 and its 200 day moving average is $25.95. Invesco BulletShares 2030 High Yield Corporate Bond ETF has a 52-week low of $25.22 and a 52-week high of $26.35.

Invesco BulletShares 2030 High Yield Corporate Bond ETF Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 7.0%. This is an increase from Invesco BulletShares 2030 High Yield Corporate Bond ETF’s previous monthly dividend of $0.15.

Institutional Investors Weigh In On Invesco BulletShares 2030 High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Financial Group LLC raised its position in shares of Invesco BulletShares 2030 High Yield Corporate Bond ETF by 20.1% during the 4th quarter. Legacy Financial Group LLC now owns 545,664 shares of the company’s stock valued at $14,225,000 after acquiring an additional 91,260 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Invesco BulletShares 2030 High Yield Corporate Bond ETF by 7.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 394,064 shares of the company’s stock valued at $10,287,000 after acquiring an additional 26,870 shares in the last quarter. Trinity Legacy Partners LLC increased its position in Invesco BulletShares 2030 High Yield Corporate Bond ETF by 2.3% in the fourth quarter. Trinity Legacy Partners LLC now owns 352,132 shares of the company’s stock worth $9,192,000 after buying an additional 7,752 shares during the period. RPg Family Wealth Advisory LLC lifted its stake in Invesco BulletShares 2030 High Yield Corporate Bond ETF by 1.7% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 299,517 shares of the company’s stock valued at $7,819,000 after buying an additional 4,966 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its stake in Invesco BulletShares 2030 High Yield Corporate Bond ETF by 3.3% in the fourth quarter. Equitable Holdings Inc. now owns 264,456 shares of the company’s stock valued at $6,904,000 after buying an additional 8,335 shares during the last quarter.

About Invesco BulletShares 2030 High Yield Corporate Bond ETF

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.