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

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 56,427 shares, a growth of 84.9% from the September 15th total of 30,524 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 135,824 shares, the short-interest ratio is presently 0.4 days.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Trading Down 0.1%

Shares of NASDAQ BSJS opened at $21.51 on Thursday. The firm’s 50 day moving average price is $21.67 and its 200-day moving average price is $21.75. Invesco BulletShares 2028 High Yield Corporate Bond ETF has a 52-week low of $21.37 and a 52-week high of $22.11.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.1046 per share. This represents a $1.26 annualized dividend and a dividend yield of 5.8%. This is a decrease from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1086. The ex-dividend date of this dividend was Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2028 High Yield Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Mirador Capital Partners LP purchased a new stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF during the 3rd quarter valued at about $29,692,000. Cetera Investment Advisers grew its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 29.7% in the first quarter. Cetera Investment Advisers now owns 755,566 shares of the company’s stock worth $16,384,000 after acquiring an additional 172,870 shares during the period. Parkway Wealth Management Group LLC raised its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 14.4% during the first quarter. Parkway Wealth Management Group LLC now owns 465,029 shares of the company’s stock valued at $10,173,000 after purchasing an additional 58,517 shares during the last quarter. SFE Investment Counsel raised its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 1.1% during the first quarter. SFE Investment Counsel now owns 384,000 shares of the company’s stock valued at $8,327,000 after purchasing an additional 4,364 shares during the last quarter. Finally, Collective Family Office LLC purchased a new position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF during the third quarter valued at approximately $5,910,000.

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.