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

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 208 shares, an increase of 54.1% from the February 26th total of 135 shares. Based on an average daily trading volume, of 47,284 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

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

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF stock opened at $33.55 on Monday. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a fifty-two week low of $32.85 and a fifty-two week high of $36.47. The firm’s 50 day simple moving average is $34.25 and its 200-day simple moving average is $34.65. The company has a market cap of $50.33 million, a P/E ratio of 4.06 and a beta of 0.49.

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

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1858 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.