BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) Short Interest Up 698.2% in February

BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 878 shares, an increase of 698.2% from the January 29th total of 110 shares. Based on an average daily trading volume, of 2,665 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,665 shares, the days-to-cover ratio is currently 0.3 days.

BondBloxx USD High Yield Bond Industrial Sector ETF Stock Performance

Shares of XHYI traded down $0.04 during mid-day trading on Wednesday, hitting $38.26. 239 shares of the company traded hands, compared to its average volume of 3,420. BondBloxx USD High Yield Bond Industrial Sector ETF has a 1-year low of $35.58 and a 1-year high of $39.47. The business has a 50 day moving average of $38.31 and a 200 day moving average of $38.28.

BondBloxx USD High Yield Bond Industrial Sector ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2099 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from BondBloxx USD High Yield Bond Industrial Sector ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of BondBloxx USD High Yield Bond Industrial Sector ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in BondBloxx USD High Yield Bond Industrial Sector ETF during the 2nd quarter worth about $373,000. Partners Wealth Management LLC acquired a new stake in BondBloxx USD High Yield Bond Industrial Sector ETF during the third quarter worth about $446,000. Finally, Concurrent Investment Advisors LLC grew its holdings in BondBloxx USD High Yield Bond Industrial Sector ETF by 89.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 27,380 shares of the company’s stock worth $1,046,000 after acquiring an additional 12,931 shares during the period.

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.