BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Sees Large Decrease in Short Interest

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 4,839 shares, a drop of 25.0% from the January 15th total of 6,453 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 14,950 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 14,950 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

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

Shares of HYSA stock opened at $15.15 on Tuesday. The stock has a 50 day simple moving average of $15.19 and a 200-day simple moving average of $15.21. The company has a market cap 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 12-month low of $14.17 and a 12-month high of $15.53.

BondBloxx USD High Yield Bond Sector Rotation ETF Cuts Dividend

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

Institutional Trading of BondBloxx USD High Yield Bond Sector Rotation ETF

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

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.