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

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 42,300 shares, a decrease of 44.5% from the December 31st total of 76,200 shares. Based on an average daily trading volume, of 92,200 shares, the days-to-cover ratio is presently 0.5 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

Shares of NASDAQ BSJT traded down $0.02 during mid-day trading on Wednesday, reaching $21.58. The company’s stock had a trading volume of 7,151 shares, compared to its average volume of 84,142. The stock has a 50-day moving average of $21.57 and a two-hundred day moving average of $21.59. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1-year low of $20.67 and a 1-year high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a $0.1161 dividend. The ex-dividend date of this dividend was Tuesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BSJT. Horizons Wealth Management purchased a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter valued at approximately $40,000. Geneos Wealth Management Inc. grew its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 81.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,510 shares of the company’s stock valued at $75,000 after purchasing an additional 1,580 shares during the period. GAMMA Investing LLC increased its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 131.2% during the third quarter. GAMMA Investing LLC now owns 3,692 shares of the company’s stock worth $81,000 after purchasing an additional 2,095 shares during the last quarter. Key Financial Inc raised its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 29.4% during the third quarter. Key Financial Inc now owns 6,045 shares of the company’s stock worth $132,000 after purchasing an additional 1,375 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 118.2% in the 3rd quarter. Larson Financial Group LLC now owns 8,050 shares of the company’s stock valued at $176,000 after purchasing an additional 4,361 shares during the last quarter.

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.