BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Short Interest Down 57.8% in May

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

BondBloxx USD High Yield Bond Sector Rotation ETF Price Performance

HYSA traded down $0.07 during trading on Tuesday, reaching $14.94. The company had a trading volume of 44,057 shares, compared to its average volume of 17,299. BondBloxx USD High Yield Bond Sector Rotation ETF has a 12 month low of $14.66 and a 12 month high of $15.53. The business’s fifty day moving average price is $14.92 and its 200 day moving average price is $15.07. The company has a market cap of $30.33 million, a P/E ratio of 4.03 and a beta of 0.28.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HYSA. MAI Capital Management bought a new position in BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter valued at approximately $29,000. Kestra Advisory Services LLC bought a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $30,000. CWM LLC lifted its position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF by 307.8% in the fourth quarter. CWM LLC now owns 8,404 shares of the company’s stock worth $127,000 after purchasing an additional 6,343 shares in the last quarter. Truist Financial Corp bought 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 bought a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth 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.