Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Down 5.8% in September

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 66,500 shares, a decline of 5.8% from the August 31st total of 70,600 shares. Based on an average daily trading volume, of 55,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. grew its position in 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 period. Mercer Global Advisors Inc. ADV increased its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 22.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 306,447 shares of the company’s stock worth $6,423,000 after purchasing an additional 55,708 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 321,602 shares of the company’s stock valued at $6,741,000 after purchasing an additional 70,293 shares in the last quarter. SFE Investment Counsel boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 103.6% during the 2nd quarter. SFE Investment Counsel now owns 210,191 shares of the company’s stock worth $4,406,000 after purchasing an additional 106,948 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter valued at about $77,000.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

Shares of NASDAQ BSJT opened at $21.70 on Wednesday. The business has a fifty day moving average price of $21.59 and a 200 day moving average price of $21.27. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1-year low of $19.29 and a 1-year high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.116 dividend. This represents a $1.39 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Monday, September 23rd.

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.