BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Short Interest Update

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 54,959 shares, a decrease of 46.7% from the July 30th total of 103,055 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 41,679 shares, the days-to-cover ratio is presently 1.3 days.

BondBloxx USD High Yield Bond Sector Rotation ETF Price Performance

NYSEARCA:HYSA traded down $0.04 during midday trading on Friday, reaching $14.86. 37,094 shares of the company traded hands, compared to its average volume of 36,113. BondBloxx USD High Yield Bond Sector Rotation ETF has a twelve month low of $14.66 and a twelve month high of $15.53. The firm has a market capitalization of $65.53 million, a price-to-earnings ratio of 4.03 and a beta of 0.27. The company has a fifty day moving average price of $14.87 and a 200 day moving average price of $14.93.

Hedge Funds Weigh In On BondBloxx USD High Yield Bond Sector Rotation ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the 4th quarter worth about $30,000. CWM LLC boosted its stake in BondBloxx USD High Yield Bond Sector Rotation ETF by 307.8% during the 4th quarter. CWM LLC now owns 8,404 shares of the company’s stock valued at $127,000 after purchasing an additional 6,343 shares during the period. Kingsview Wealth Management LLC acquired a new position in BondBloxx USD High Yield Bond Sector Rotation ETF during the 4th quarter valued at about $167,000. Finally, Jane Street Group LLC bought a new position in BondBloxx USD High Yield Bond Sector Rotation ETF in the 2nd quarter worth about $182,000.

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.