Short Interest in BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Decreases By 46.7%

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 54,959 shares, a decline of 46.7% from the July 30th total of 103,055 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 41,679 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the 4th quarter worth approximately $30,000. CWM LLC lifted its stake in BondBloxx USD High Yield Bond Sector Rotation ETF by 307.8% in the 4th quarter. CWM LLC now owns 8,404 shares of the company’s stock worth $127,000 after acquiring an additional 6,343 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the fourth quarter worth approximately $167,000. Finally, Jane Street Group LLC purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 2nd quarter valued at $182,000.

BondBloxx USD High Yield Bond Sector Rotation ETF Stock Performance

Shares of HYSA opened at $14.88 on Tuesday. BondBloxx USD High Yield Bond Sector Rotation ETF has a one year low of $14.66 and a one year high of $15.53. The stock has a 50-day moving average price of $14.87 and a 200 day moving average price of $14.93. The company has a market capitalization of $65.62 million, a P/E ratio of 4.03 and a beta of 0.27.

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.