Short Interest in Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Grows By 125.5%

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw a significant growth in short interest in 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 Price Performance

Shares of BSJT traded down $0.03 during trading hours on Friday, reaching $21.10. The stock had a trading volume of 50,504 shares, compared to its average volume of 64,227. The firm has a 50-day simple moving average of $21.48 and a 200 day simple moving average of $21.59. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 12 month low of $20.67 and a 12 month high of $22.25.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.1171 per share. This is a boost 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.

Hedge Funds Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in BSJT. Larson Financial Group LLC increased its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 118.2% during the 3rd quarter. Larson Financial Group LLC now owns 8,050 shares of the company’s stock worth $176,000 after purchasing an additional 4,361 shares in the last quarter. GAMMA Investing LLC grew its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 29.3% during the fourth quarter. GAMMA Investing LLC now owns 4,772 shares of the company’s stock worth $102,000 after buying an additional 1,080 shares in the last quarter. Horizons Wealth Management purchased a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter valued at $40,000. Brookstone Capital Management bought a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 4th quarter valued at $639,000. Finally, Astoria Portfolio Advisors LLC. purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 4th quarter worth $350,000.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Company Profile

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.