BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) Sees Large Decline in Short Interest

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,477 shares, a decline of 75.0% from the April 15th total of 5,911 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 2,212 shares, the short-interest ratio is currently 0.7 days.

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF Price Performance

XHYT traded up $0.01 during trading on Wednesday, hitting $33.77. The company’s stock had a trading volume of 116 shares, compared to its average volume of 14,473. The firm’s 50 day moving average price is $33.96 and its 200-day moving average price is $34.40. The stock has a market cap of $16.89 million, a PE ratio of 4.06 and a beta of 0.45. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a twelve month low of $33.55 and a twelve month high of $36.47.

About BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

The BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) 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 classified under the telecommunications, media, and technology sectors. XHYT was launched on Feb 15, 2022 and is managed by BondBloxx.