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

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,337 shares, a decrease of 74.8% from the March 15th total of 9,263 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,002 shares, the days-to-cover ratio is currently 0.2 days.

BondBloxx USD High Yield Bond Sector Rotation ETF Stock Performance

NYSEARCA:HYSA traded up $0.02 during trading on Friday, reaching $14.97. The company’s stock had a trading volume of 9,193 shares, compared to its average volume of 15,944. The firm has a market cap of $30.39 million, a price-to-earnings ratio of 4.03 and a beta of 0.31. The firm has a 50 day moving average of $14.99 and a 200-day moving average of $15.13. BondBloxx USD High Yield Bond Sector Rotation ETF has a 12 month low of $14.40 and a 12 month high of $15.53.

BondBloxx USD High Yield Bond Sector Rotation ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0721 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CacheTech Inc. lifted its position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF by 1,019.6% during the 2nd quarter. CacheTech Inc. now owns 136,837 shares of the company’s stock valued at $2,080,000 after buying an additional 124,615 shares during the last quarter. Adams Wealth Management lifted its position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF by 916.6% during the 2nd quarter. Adams Wealth Management now owns 124,252 shares of the company’s stock valued at $1,889,000 after buying an additional 112,030 shares during the last quarter. MAI Capital Management purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter valued at $29,000. CWM LLC lifted its position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF by 307.8% during the 4th quarter. CWM LLC now owns 8,404 shares of the company’s stock valued at $127,000 after buying an additional 6,343 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 4th quarter valued at $167,000.

About BondBloxx USD High Yield Bond Sector Rotation ETF

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.