Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) Sees Large Drop in Short Interest

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 67,092 shares, a decline of 36.8% from the July 15th total of 106,096 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 213,769 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Howard Wealth Management LLC lifted its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 43.7% in the fourth quarter. Howard Wealth Management LLC now owns 171,482 shares of the company’s stock valued at $3,773,000 after buying an additional 52,163 shares during the period. GPM Growth Investors Inc. boosted its position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 17.2% during the 4th quarter. GPM Growth Investors Inc. now owns 252,872 shares of the company’s stock valued at $5,563,000 after purchasing an additional 37,174 shares in the last quarter. Banta Asset Management LP acquired a new stake in Invesco BulletShares 2028 High Yield Corporate Bond ETF during the fourth quarter valued at approximately $6,989,000. Commonwealth Equity Services LLC boosted its holdings in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 42.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 269,085 shares of the company’s stock worth $5,920,000 after buying an additional 79,548 shares in the last quarter. Finally, Oder Investment Management LLC grew its position in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 49.4% in the first quarter. Oder Investment Management LLC now owns 116,076 shares of the company’s stock worth $2,517,000 after buying an additional 38,401 shares during the last quarter.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Price Performance

NASDAQ:BSJS opened at $21.83 on Thursday. Invesco BulletShares 2028 High Yield Corporate Bond ETF has a 1 year low of $21.48 and a 1 year high of $22.24. The business has a fifty day moving average of $21.78 and a 200-day moving average of $21.82.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a dividend of $0.1088 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous dividend of $0.11.

About Invesco BulletShares 2028 High Yield Corporate Bond ETF

The Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate high yield bonds with effective maturities in 2028. BSJS was launched on Sep 16, 2020 and is managed by Invesco.