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

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 114 shares, a drop of 92.3% from the April 30th total of 1,477 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,159 shares, the short-interest ratio is presently 0.0 days.

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

XHYT remained flat at $33.69 during midday trading on Wednesday. The firm has a market capitalization of $16.85 million, a P/E ratio of 4.06 and a beta of -0.39. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a 12-month low of $33.55 and a 12-month high of $36.47. The firm’s fifty day moving average is $33.91 and its two-hundred day moving average is $34.32.

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.