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

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

BondBloxx USD High Yield Bond Sector Rotation ETF Price Performance

BondBloxx USD High Yield Bond Sector Rotation ETF stock traded up $0.02 during mid-day trading on Monday, hitting $14.88. The company’s stock had a trading volume of 56,609 shares, compared to its average volume of 36,236. The business has a 50 day moving average price of $14.87 and a 200-day moving average price of $14.93. 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 stock has a market cap of $65.62 million, a price-to-earnings ratio of 4.03 and a beta of 0.27.

Institutional Investors Weigh In On BondBloxx USD High Yield Bond Sector Rotation ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in BondBloxx USD High Yield Bond Sector Rotation ETF during the 4th quarter worth approximately $326,000. Kingsview Wealth Management LLC purchased a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the fourth quarter valued at approximately $167,000. CWM LLC grew its holdings 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 during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth approximately $30,000.

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.