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

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 66,300 shares, a growth of 125.5% from the February 28th total of 29,400 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 101,200 shares, the days-to-cover ratio is currently 0.7 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

NASDAQ:BSJT opened at $21.10 on Friday. The firm has a 50-day simple moving average of $21.48 and a two-hundred day simple moving average of $21.59. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a fifty-two week low of $20.67 and a fifty-two week high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1171 dividend. This is a positive change from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in BSJT. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 13.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,990 shares of the company’s stock valued at $513,000 after purchasing an additional 2,768 shares in the last quarter. Cetera Investment Advisers raised its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 220.4% in the 4th quarter. Cetera Investment Advisers now owns 132,903 shares of the company’s stock worth $2,843,000 after buying an additional 91,417 shares during the last quarter. Bank of America Corp DE lifted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 29.0% during the 4th quarter. Bank of America Corp DE now owns 30,045 shares of the company’s stock valued at $643,000 after acquiring an additional 6,748 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 4th quarter valued at about $426,000. Finally, Ancora Advisors LLC bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter worth approximately $36,000.

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.