Short Interest in BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) Drops By 72.8%

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 119 shares, a drop of 72.8% from the January 29th total of 438 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,409 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 1,409 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

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

Shares of XHYT traded up $0.02 during midday trading on Thursday, hitting $34.34. 23 shares of the company traded hands, compared to its average volume of 3,801. The firm has a 50 day moving average of $34.58 and a 200-day moving average of $34.80. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a 52 week low of $32.85 and a 52 week high of $36.47. The stock has a market cap of $51.51 million, a price-to-earnings ratio of 4.06 and a beta of 0.49.

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

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.2124 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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

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.