Short Interest in Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Declines By 37.0%

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 70,600 shares, a decrease of 37.0% from the August 15th total of 112,000 shares. Based on an average daily trading volume, of 49,900 shares, the days-to-cover ratio is currently 1.4 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Up 0.2 %

Shares of BSJT stock traded up $0.05 during trading on Friday, reaching $21.79. The company had a trading volume of 68,885 shares, compared to its average volume of 33,117. The firm’s 50 day simple moving average is $21.47 and its two-hundred day simple moving average is $21.21. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a one year low of $19.29 and a one year high of $21.83.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were issued a $0.134 dividend. This represents a $1.61 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.12.

Institutional Investors Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 36.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,960 shares of the company’s stock worth $41,000 after purchasing an additional 520 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter worth $33,000. 4Thought Financial Group Inc. increased its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 11.8% during the second quarter. 4Thought Financial Group Inc. now owns 21,385 shares of the company’s stock worth $448,000 after acquiring an additional 2,249 shares during the period. Larson Financial Group LLC acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 2nd quarter valued at $77,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 16.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,171 shares of the company’s stock valued at $639,000 after purchasing an additional 4,156 shares during the period.

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.