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

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 5,911 shares, a growth of 2,962.7% from the March 31st total of 193 shares. Based on an average daily volume of 49,392 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.2% of the company’s stock are sold short.

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

Shares of XHYT opened at $34.22 on Friday. The stock has a 50 day simple moving average of $34.05 and a 200 day simple moving average of $34.49. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a 52-week low of $33.55 and a 52-week high of $36.47. The firm has a market capitalization of $17.11 million, a PE ratio of 4.06 and a beta of 0.48.

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

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1858 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.5%.

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

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.