BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) Sees Large Decline in Short Interest

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 1,477 shares, a decline of 75.0% from the April 15th total of 5,911 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 2,212 shares, the days-to-cover ratio is currently 0.7 days.

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF Trading Up 0.0%

Shares of NYSEARCA:XHYT traded up $0.01 during trading on Wednesday, hitting $33.77. 116 shares of the stock were exchanged, compared to its average volume of 14,473. The company has a fifty day moving average price of $33.96 and a two-hundred day moving average price of $34.40. The company has a market cap of $16.89 million, a PE ratio of 4.06 and a beta of 0.45. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a 12-month low of $33.55 and a 12-month high of $36.47.

About BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

The BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a modified market value-weighted index of USD-denominated high-yield corporate bonds of any maturity, issued by companies classified under the telecommunications, media, and technology sectors. XHYT was launched on Feb 15, 2022 and is managed by BondBloxx.