Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Short Interest Up 183.1% in January

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 80,400 shares, an increase of 183.1% from the January 15th total of 28,400 shares. Based on an average trading volume of 94,400 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Horizons Wealth Management acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter valued at $40,000. Geneos Wealth Management Inc. lifted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 81.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,510 shares of the company’s stock worth $75,000 after buying an additional 1,580 shares during the last quarter. GAMMA Investing LLC boosted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 131.2% in the third quarter. GAMMA Investing LLC now owns 3,692 shares of the company’s stock valued at $81,000 after buying an additional 2,095 shares in the last quarter. Key Financial Inc grew its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 29.4% in the third quarter. Key Financial Inc now owns 6,045 shares of the company’s stock valued at $132,000 after acquiring an additional 1,375 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the fourth quarter worth about $160,000.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Performance

Shares of BSJT traded down $0.04 during trading hours on Wednesday, hitting $21.53. 63,806 shares of the company were exchanged, compared to its average volume of 97,650. Invesco BulletShares 2029 High Yield Corporate Bond ETF has a fifty-two week low of $20.67 and a fifty-two week high of $22.25. The firm’s fifty day moving average is $21.55 and its 200 day moving average is $21.61.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 21st were given a dividend of $0.1161 per share. The ex-dividend date of this dividend was Tuesday, January 21st.

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.