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) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 4,839 shares, a decrease of 25.0% from the January 15th total of 6,453 shares. Based on an average trading volume of 14,950 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 14,950 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HYSA. MAI Capital Management acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the third quarter valued at approximately $29,000. Kestra Advisory Services LLC purchased a new position in BondBloxx USD High Yield Bond Sector Rotation ETF during the 4th quarter worth approximately $30,000. CWM LLC acquired a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter valued at $32,000. Truist Financial Corp purchased a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter valued at $154,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter valued at $167,000.

BondBloxx USD High Yield Bond Sector Rotation ETF Trading Up 0.5%

Shares of BondBloxx USD High Yield Bond Sector Rotation ETF stock traded up $0.07 on Friday, reaching $15.15. 11,815 shares of the company were exchanged, compared to its average volume of 14,960. The stock has a fifty day moving average price of $15.19 and a 200-day moving average price of $15.21. The firm has a market capitalization of $31.36 million, a price-to-earnings ratio of 4.03 and a beta of 0.30. BondBloxx USD High Yield Bond Sector Rotation ETF has a fifty-two week low of $14.17 and a fifty-two week high of $15.53.

BondBloxx USD High Yield Bond Sector Rotation ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0822 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, February 2nd.

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.