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

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 51,400 shares, a drop of 44.4% from the November 15th total of 92,400 shares. Based on an average daily volume of 86,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BSJS. GPM Growth Investors Inc. acquired a new stake in Invesco BulletShares 2028 High Yield Corporate Bond ETF in the second quarter worth about $2,893,000. Cetera Investment Advisers bought a new stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF during the 1st quarter worth about $1,696,000. Envestnet Asset Management Inc. lifted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 352,762 shares of the company’s stock worth $7,574,000 after acquiring an additional 70,469 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 22.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 316,856 shares of the company’s stock valued at $6,803,000 after acquiring an additional 57,821 shares in the last quarter. Finally, SFE Investment Counsel increased its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 23.0% during the second quarter. SFE Investment Counsel now owns 302,301 shares of the company’s stock valued at $6,490,000 after acquiring an additional 56,536 shares during the period.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Stock Performance

Shares of NASDAQ BSJS traded down $0.08 during midday trading on Friday, hitting $21.95. 52,246 shares of the company’s stock were exchanged, compared to its average volume of 77,089. Invesco BulletShares 2028 High Yield Corporate Bond ETF has a twelve month low of $21.20 and a twelve month high of $22.45. The stock’s 50 day moving average price is $22.01 and its 200-day moving average price is $21.85.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 18th were given a dividend of $0.1357 per share. The ex-dividend date of this dividend was Monday, November 18th.

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.