BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (NYSEARCA:XHYC) Sees Large Decline in Short Interest

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (NYSEARCA:XHYC) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 216 shares, a drop of 58.3% from the February 26th total of 518 shares. Based on an average daily volume of 23,168 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in XHYC. OLD Mission Capital LLC purchased a new position in BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF during the 4th quarter valued at about $649,000. Jane Street Group LLC purchased a new stake in shares of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF in the first quarter valued at about $695,000. Finally, SoundView Advisors Inc. acquired a new stake in shares of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF in the third quarter valued at approximately $20,120,000.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Stock Down 0.5%

Shares of XHYC stock opened at $36.44 on Friday. The stock has a fifty day moving average price of $37.26 and a 200 day moving average price of $37.36. BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF has a 1 year low of $35.22 and a 1 year high of $38.44.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector 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 paid a dividend of $0.1772 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, March 2nd.

About BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

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.