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

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 4,839 shares, a drop of 25.0% from the January 15th total of 6,453 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 14,950 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 14,950 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

BondBloxx USD High Yield Bond Sector Rotation ETF Stock Up 0.5%

Shares of HYSA traded up $0.07 during mid-day trading on Friday, hitting $15.15. 11,815 shares of the company’s stock were exchanged, compared to its average volume of 14,960. The stock has a market cap of $31.36 million, a price-to-earnings ratio of 4.03 and a beta of 0.30. The firm has a fifty day moving average of $15.19 and a two-hundred day moving average of $15.21. BondBloxx USD High Yield Bond Sector Rotation ETF has a twelve month low of $14.17 and a twelve month high of $15.53.

BondBloxx USD High Yield Bond Sector Rotation ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0822 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of BondBloxx USD High Yield Bond Sector Rotation ETF

Large investors have recently made changes to their positions in the stock. MAI Capital Management acquired a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter valued at about $29,000. Kestra Advisory Services LLC acquired a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 4th quarter worth about $30,000. CWM LLC bought a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter valued at approximately $32,000. Truist Financial Corp acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter worth $154,000. Finally, Kingsview Wealth Management LLC acquired a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF in the 4th quarter worth $167,000.

BondBloxx USD High Yield Bond Sector Rotation ETF Company Profile

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.