BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) Short Interest Up 315.2% in April

BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,618 shares, an increase of 315.2% from the April 15th total of 1,353 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 891 shares, the short-interest ratio is presently 6.3 days.

BondBloxx USD High Yield Bond Industrial Sector ETF Trading Down 0.4%

Shares of NYSEARCA:XHYI traded down $0.14 during trading on Friday, reaching $37.44. The company had a trading volume of 714 shares, compared to its average volume of 9,767. The firm’s fifty day moving average is $37.57 and its 200 day moving average is $38.00. BondBloxx USD High Yield Bond Industrial Sector ETF has a twelve month low of $37.04 and a twelve month high of $39.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in BondBloxx USD High Yield Bond Industrial Sector ETF during the 2nd quarter worth approximately $373,000. Partners Wealth Management LLC purchased a new position in BondBloxx USD High Yield Bond Industrial Sector ETF during the 3rd quarter worth approximately $446,000. Cetera Investment Advisers purchased a new position in BondBloxx USD High Yield Bond Industrial Sector ETF during the 1st quarter worth approximately $493,000. Finally, Concurrent Investment Advisors LLC grew its position in BondBloxx USD High Yield Bond Industrial Sector ETF by 89.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 27,380 shares of the company’s stock worth $1,046,000 after purchasing an additional 12,931 shares in the last quarter.

About BondBloxx USD High Yield Bond Industrial Sector ETF

The BondBloxx US High Yield Industrial Sector ETF (XHYI) 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 industrial sector. XHYI was launched on Feb 15, 2022 and is managed by BondBloxx.