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

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 29,866 shares, a growth of 105.3% from the March 31st total of 14,551 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 108,261 shares, the days-to-cover ratio is presently 0.3 days.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Price Performance

Shares of BSJS opened at $21.83 on Friday. The company’s fifty day moving average price is $21.83 and its 200-day moving average price is $21.94. Invesco BulletShares 2028 High Yield Corporate Bond ETF has a 1-year low of $21.48 and a 1-year high of $22.24.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were given a dividend of $0.1077 per share. This is a boost from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, April 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 21.0% in the fourth quarter. LPL Financial LLC now owns 2,153,307 shares of the company’s stock worth $47,373,000 after acquiring an additional 374,157 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 20.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,087,591 shares of the company’s stock worth $23,927,000 after acquiring an additional 187,199 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 445.1% during the 3rd quarter. Raymond James Financial Inc. now owns 851,258 shares of the company’s stock worth $18,796,000 after acquiring an additional 695,104 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 25.1% during the 4th quarter. Cetera Investment Advisers now owns 582,696 shares of the company’s stock worth $12,819,000 after acquiring an additional 117,094 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 16.2% during the 4th quarter. UBS Group AG now owns 493,925 shares of the company’s stock worth $10,866,000 after acquiring an additional 68,966 shares in the last quarter.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Company Profile

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.