Short Interest in BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (NYSEARCA:XHYC) Decreases By 46.8%

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (NYSEARCA:XHYC) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 115 shares, a drop of 46.8% from the March 15th total of 216 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 81 shares, the short-interest ratio is presently 1.4 days.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Stock Down 0.0%

XHYC traded down $0.01 during midday trading on Wednesday, hitting $37.08. 109 shares of the company were exchanged, compared to its average volume of 8,167. The firm’s 50 day moving average price is $37.08 and its 200-day moving average price is $37.28. BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF has a 1-year low of $35.87 and a 1-year high of $38.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XHYC. OLD Mission Capital LLC bought a new stake in shares of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF in the 4th quarter valued at $649,000. Jane Street Group LLC acquired a new position in BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF in the first quarter valued at $695,000. Finally, SoundView Advisors Inc. bought a new stake in BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF during the third quarter valued at $20,120,000.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Company Profile

The BondBloxx US High Yield Consumer Cyclicals Sector ETF (XHYC) 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 in the consumer cyclicals sector. XHYC was launched on Feb 15, 2022 and is managed by BondBloxx.