BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Shares Down 0.5% – Time to Sell?

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was down 0.5% during mid-day trading on Friday . The stock traded as low as $14.79 and last traded at $14.79. Approximately 6,992 shares changed hands during trading, a decline of 56% from the average daily volume of 15,798 shares. The stock had previously closed at $14.87.

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

The stock has a market capitalization of $30.62 million, a P/E ratio of 4.03 and a beta of 0.30. The company has a 50-day moving average price of $15.10 and a 200 day moving average price of $15.18.

BondBloxx USD High Yield Bond Sector Rotation 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 issued a $0.0721 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CacheTech Inc. raised its stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF by 1,019.6% during the 2nd quarter. CacheTech Inc. now owns 136,837 shares of the company’s stock worth $2,080,000 after acquiring an additional 124,615 shares in the last quarter. Adams Wealth Management boosted its stake in BondBloxx USD High Yield Bond Sector Rotation ETF by 916.6% in the second quarter. Adams Wealth Management now owns 124,252 shares of the company’s stock valued at $1,889,000 after acquiring an additional 112,030 shares in the last quarter. Jane Street Group LLC purchased a new position in BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $326,000. Kingsview Wealth Management LLC purchased a new position in BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $167,000. Finally, Truist Financial Corp acquired a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the third quarter worth $154,000.

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.