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) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 74,800 shares, an increase of 70.4% from the October 31st total of 43,900 shares. Based on an average trading volume of 70,300 shares, the days-to-cover ratio is currently 1.1 days.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

BSJT traded up $0.05 during trading on Friday, hitting $21.73. 10,537 shares of the company traded hands, compared to its average volume of 41,866. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a 1 year low of $20.40 and a 1 year high of $22.25. The stock’s 50-day simple moving average is $21.68 and its two-hundred day simple moving average is $21.46.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 18th were issued a $0.1162 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSJT. Legacy Financial Group LLC raised its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 26.2% during the 3rd quarter. Legacy Financial Group LLC now owns 480,611 shares of the company’s stock worth $10,506,000 after acquiring an additional 99,746 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of 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 worth $6,741,000 after buying an additional 70,293 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 22.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 306,447 shares of the company’s stock valued at $6,423,000 after buying an additional 55,708 shares in the last quarter. SFE Investment Counsel lifted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 17.2% in the 3rd quarter. SFE Investment Counsel now owns 246,294 shares of the company’s stock valued at $5,384,000 after acquiring an additional 36,103 shares during the last quarter. Finally, MONECO Advisors LLC grew its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 37.2% in the third quarter. MONECO Advisors LLC now owns 63,524 shares of the company’s stock worth $1,389,000 after acquiring an additional 17,231 shares in the last quarter.

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.