BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Sees Significant Drop in Short Interest

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 14,762 shares, a drop of 57.8% from the April 30th total of 35,001 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 18,067 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MAI Capital Management acquired a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the third quarter valued at $29,000. Kestra Advisory Services LLC acquired a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the fourth quarter valued at $30,000. CWM LLC increased its holdings in shares of BondBloxx USD High Yield Bond Sector Rotation ETF by 307.8% during the fourth quarter. CWM LLC now owns 8,404 shares of the company’s stock valued at $127,000 after purchasing an additional 6,343 shares during the period. Truist Financial Corp acquired a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the third quarter valued at $154,000. Finally, Kingsview Wealth Management LLC bought a new position in BondBloxx USD High Yield Bond Sector Rotation ETF during the fourth quarter valued at about $167,000.

BondBloxx USD High Yield Bond Sector Rotation ETF Price Performance

Shares of HYSA traded down $0.01 during trading hours on Friday, reaching $15.01. 23,755 shares of the company’s stock traded hands, compared to its average volume of 17,037. The firm has a market capitalization of $30.47 million, a price-to-earnings ratio of 4.03 and a beta of 0.28. BondBloxx USD High Yield Bond Sector Rotation ETF has a twelve month low of $14.66 and a twelve month high of $15.53. The business’s fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $15.07.

About BondBloxx USD High Yield Bond Sector Rotation ETF

The BondBloxx USD High Yield Bond Sector Rotation ETF (HYSA) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund-of-funds that invests in its own suite of fixed-income products specializing in high-yield USD-denominated corporate bonds. It offers diversified sector exposure and no bond maturity limitations. HYSA was launched on Sep 18, 2023 and is issued by BondBloxx.