BenzingaT3·11mo ago
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BSJW
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Key stats
About
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2024-06-12
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.42% prospectus, filed Dec 18, 2025
- Assets
- $41M SEC filing, May 31, 2026
- Trailing yield
- 6.93% paid monthly
- Average daily volume
- $274K 30 sessions
- Holdings
- 173 top 10 are 18.4%
- Listed
- Jun 12, 2024 Nasdaq
- Tracking difference
- -0.56 pts vs index, after fees, FY 2025
Cost31
Liquidity15
Scale18
Diversification100
Moves with. US large-cap stocks (32% of its variance, beta 0.17); Long Treasuries (22% of its variance, beta 0.22). These factors explain 59% of its daily moves over the last year.
Stated objective. The Invesco BulletShares 2032 High Yield Corporate Bond ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Invesco BulletShares USD High Yield Corporate Bond 2032 Index (the Underlying Index). (from the fund's prospectus)
All 173 holdingsFlow historyOverlap toolAll Target Maturity ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$2.5M latest reported month
- Latest 3 months
- +$5.1M +12.5% of assets
- Latest 12 months
- +$23M +56.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$2.5M |
| Apr 2026 | +$2.5M |
| Mar 2026 | $0 |
| Feb 2026 | +$2.6M |
| Jan 2026 | +$5.2M |
| Dec 2025 | $0 |
| Nov 2025 | +$2.6M |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | +$2.5M |
| Jul 2025 | $0 |
| Jun 2025 | +$5.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 24 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BSCRInvesco BulletShares 2027 Corporate Bond ETF | — | 0.10% | $4.5B | −1.0% | compare |
| IBDTiShares iBonds Dec 2028 Term Corporate ETF | — | 0.10% | $4.1B | −2.3% | compare |
| IBDSiShares iBonds Dec 2027 Term Corporate ETF | — | 0.10% | $4.0B | −0.9% | compare |
| IBDUiShares iBonds Dec 2029 Term Corporate ETF | — | 0.10% | $4.0B | −3.5% | compare |
| BSCSInvesco BulletShares 2028 Corporate Bond ETF | — | 0.10% | $3.5B | −2.3% | compare |
The largest other funds in the Target Maturity category.
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 2 active of 28 with agreements; top 3 did 100%
- Created · redeemed
- $20M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 98% in kind
- Creation unit
- 100,000 shares
- Securities lending
- yes of assets on loan on average
- Return vs index
- -0.56 pts after fees; -0.11 before; daily s.d. 0.34
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-05-31
Holdings
173
AUM
$43.9M
Provider
Nport
Inception
2024-06-12
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
0.42%
Dividend Yield
6.93%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.1412 | CD |
| 2026-09-21 | 2026-09-25 | $0.1329 | CD |
| 2026-08-24 | 2026-08-28 | $0.1408 | CD |
| 2026-07-20 | 2026-07-24 | $0.1383 | CD |
| 2026-06-22 | 2026-06-26 | $0.1379 | CD |
| 2026-05-18 | 2026-05-22 | $0.1396 | CD |
Asset Allocation
Top Holdings
top 50 of 173 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Invesco Private Prime Fund | 6.11% | Short-term investment | US |
| — | 1261229 B.C. Ltd. | 3.69% | Debt | CA |
| — | Quikrete Holdings, Inc. | 2.54% | Debt | US |
| — | Invesco Private Government Fund | 2.36% | Short-term investment | US |
| — | Asurion LLC/ Asurion Co-Issuer Inc. | 2.16% | Debt | US |
| — | Invesco Government & Agency Portfolio | 1.68% | Short-term investment | US |
| — | CCO Holdings, LLC/CCO Holdings Capital Corp. | 1.62% | Debt | US |
| — | Discovery Global Holdings, Inc. | 1.56% | Debt | US |
| — | QXO Building Products, Inc. | 1.46% | Debt | US |
| — | TransDigm, Inc. | 1.45% | Debt | US |
| — | Venture Global LNG, Inc. | 1.36% | Debt | US |
| — | IQVIA Inc. | 1.31% | Debt | US |
| — | PetSmart LLC / PetSmart Finance Corp. | 1.27% | Debt | US |
| — | HUB International Ltd. | 1.25% | Debt | US |
| — | Altice France | 1.19% | Debt | FR |
| — | NCL Corp. Ltd. | 1.15% | Debt | BM |
| — | Cloud Software Group, Inc. | 1.14% | Debt | US |
| — | CHS/Community Health Systems, Inc. | 1.14% | Debt | US |
| — | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc. | 1.04% | Debt | US |
| — | Ardonagh Group Finance Ltd. | 1.01% | Debt | JE |
| — | Jane Street Group / JSG Finance Inc. | 0.99% | Debt | US |
| — | GENMAB A/S/GENMAB FINANCE LLC | 0.98% | Debt | DK |
| — | Univision Communications Inc. | 0.96% | Debt | US |
| — | Tenet Healthcare Corp. | 0.96% | Debt | US |
| — | Altice France | 0.96% | Debt | FR |
| — | Caesars Entertainment, Inc. | 0.94% | Debt | US |
| — | Cleveland-Cliffs Inc. | 0.91% | Debt | US |
| — | Hilton Domestic Operating Co. Inc. | 0.88% | Debt | US |
| — | Clydesdale Acquisition Holdings, Inc. | 0.88% | Debt | US |
| — | VZ Secured Financing B.V. | 0.86% | Debt | NL |
| — | Surgery Center Holdings, Inc. | 0.79% | Debt | US |
| — | NGL Energy Operating LLC / NGL Energy Finance Corp. | 0.79% | Debt | US |
| — | Sirius XM Radio LLC. | 0.79% | Debt | US |
| — | Albertsons Cos Inc / Safeway Inc / New Albertsons L.P./ Albertsons LLC | 0.75% | Debt | US |
| — | ION Platform Finance US, Inc. | 0.75% | Debt | US |
| — | Clarios Global L.P./ Clarios US Finance Co. | 0.73% | Debt | US |
| — | Opal Bidco SAS | 0.73% | Debt | FR |
| — | Builders FirstSource, Inc. | 0.73% | Debt | US |
| — | Crescent Energy Finance LLC | 0.71% | Debt | US |
| — | Gray Media, Inc. | 0.71% | Debt | US |
| — | Olympus Water US Holding Corp. | 0.70% | Debt | US |
| — | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC | 0.70% | Debt | GB |
| — | Yum! Brands, Inc. | 0.69% | Debt | US |
| — | Celanese US Holdings LLC | 0.67% | Debt | US |
| — | Osaic Holdings, Inc. | 0.67% | Debt | US |
| — | Garda World Security Corp. | 0.67% | Debt | CA |
| — | DaVita Inc. | 0.66% | Debt | US |
| — | Amentum Holdings, Inc. | 0.66% | Debt | US |
| — | Alpha Generation, LLC | 0.66% | Debt | US |
| — | Six Flags Entertainment Corp./Canada's Wonderland Co/Millennium Operations LLC | 0.66% | Debt | US |
Non-Equity Breakdown
Invesco BulletShares 2032 High Yield Corporate Bond ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$41M
· 173 total positions
· equity 0.00%
· non-equity 108.40%
Non-equity holdings
— 173 positions,
108.40% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 98.25% | $39.8M | 170 |
| Short-term investment | 10.15% | $4.1M | 3 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.64% | 0.00% | 0.32% |
| Feb | -- | 0.59% | -0.47% | 0.06% |
| Mar | -- | -1.40% | -1.83% | -1.61% |
| Apr | -- | -0.50% | 0.74% | 0.12% |
| May | -- | 0.97% | -0.33% | 0.32% |
| Jun | -0.05% | 1.69% | -0.28% | 0.45% |
| Jul | 1.83% | -0.55% | -0.55% | 0.24% |
| Aug | 1.17% | 0.84% | 0.16% | 0.72% |
| Sep | 0.75% | 0.60% | -3.61% | -0.75% |
| Oct | -2.22% | -0.51% | -0.34%* | -1.02% |
| Nov | 1.15% | 0.82% | -- | 0.98% |
| Dec | -2.21% | 0.08% | -- | -1.06% |
| Total | 0.34% | 3.28% | -6.39% | -0.92% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $24.30
SMA 50: $24.78
SMA 200: $25.27
Current: $24.17
EMA 12: $24.26
EMA 26: $24.42
MACD: -0.1659 | Signal: 0.0069
BEARISH
ADX (14): 40.28
STRONG TREND
+DI: 16.49
−DI: 40.78
Momentum Oscillators
RSI (14): 33.06
NEUTRAL
Stoch %K: 24.44
Stoch %D: 20.82
Williams %R: -69.77
Volume & Volatility
BB Upper: $24.51
BB Lower: $24.09
NEUTRAL
OBV: -167,043
Vol SMA 20: 10,740
Vol ROC: -73.31%
ATR: $0.11
True Range: $0.05
HV 20: 5.0%
HV 30: 5.1%
HV 60: 4.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: BSJW
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- The stock is trading in a range, with no clear trend direction.
- Momentum signals are mixed, with RSI indicating neutrality and MACD showing bearish momentum.
Primary Risks:
- The stock's low volatility may make it less attractive to some investors.
- A potential breakdown below the lower Bollinger Band could lead to further declines.
Investment Thesis:
BSJW is a stock trading in a range, with mixed momentum signals. While there are no strong buy or sell triggers, the stock's low volatility and neutral RSI may make it appealing to investors seeking stability. However, the bearish MACD signal and potential for a breakdown below support levels warrant caution.
Recent News Sentiment Impact:
The recent news headline about Invesco providing estimated capital gain distribution information has had no significant impact on the stock price or sentiment.
Technical Analysis
Trend Direction: NEUTRAL (no clear trend direction)
Support/Resistance Levels:
- Lower Bollinger Band: $24.98
- Upper Bollinger Band: $25.44
- SMA 20: $25.21
- SMA 50: $25.28
Momentum Signals:
- RSI (14): 56.51 (neutral)
- MACD: -0.00 / Signal: 0.03 / Histogram: -0.03 (bearish)
Volume Analysis:
- Volume SMA 20: 13974.85
- On-Balance Volume (OBV): 3226.98
- Volume Rate of Change: 69.59%
News & Sentiment Analysis
Recent Headlines Summary: No significant news headlines available.
Sentiment Assessment: NEUTRAL (based on recent headline)
Catalyst Identification: None identified
Market Narrative: The stock's neutral sentiment and mixed momentum signals suggest a lack of clear direction or catalysts driving the price action.
Risk & Volatility Assessment
Beta Interpretation: Low risk, with a beta of 0.24 compared to SPY (market).
Volatility Regime: Low volatility, with a historical volatility of HV20 4.1%, HV30 3.5%, and HV60 4.3%.
Options Market Signals: No options data available.
Downside Protection: Support levels at $24.98 and potential for further declines if broken.
Market Context & Positioning
Sector Performance: NEUTRAL (compared to sector/market)
Institutional Activity: No significant institutional activity detected.
Correlation Analysis: The stock's correlation with the market is relatively low, at 0.68.
Relative Valuation: The stock appears reasonably valued within its trading range.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $24.98
- Upper Bollinger Band: $25.44
- SMA 20: $25.21
- SMA 50: $25.28
Breakout/Breakdown Levels: None identified
Time-Sensitive Catalysts: No time-sensitive catalysts detected.
Risk Management: Consider stop-loss levels at $24.98 or below, and position sizing considerations based on the stock's low volatility.
Note: This report is intended to provide a comprehensive analysis of BSJW's technical and fundamental performance, highlighting key drivers, risks, and positioning opportunities. The analysis does not constitute buy or sell advice but rather aims to inform investors' decisions by presenting both bullish and bearish cases.
Generated
News
All BSJW news →
BSJW Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.2395
Alpha: -9.30%
Correlation: 0.6539
R-Squared: 42.8%
Stock Volatility: 4.7%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
BSJW Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|