BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Shares Shorted: Short Interest Down 36.6% in October

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 39,438 shares, a drop of 36.6% from the September 30th total of 62,170 shares. Based on an average trading volume of 116,398 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

BondBloxx USD High Yield Bond Sector Rotation ETF Stock Performance

Shares of HYSA stock remained flat at $14.33 during trading hours on Tuesday. The stock had a trading volume of 26,496 shares, compared to its average volume of 49,623. The company has a market capitalization of $110.77 million, a P/E ratio of 4.03 and a beta of 0.28. The firm has a 50 day moving average of $14.56 and a two-hundred day moving average of $14.86. BondBloxx USD High Yield Bond Sector Rotation ETF has a 52 week low of $14.23 and a 52 week high of $15.50.

Institutional Investors Weigh In On BondBloxx USD High Yield Bond Sector Rotation ETF

Several large investors have recently modified their holdings of the stock. DUTCH ASSET Corp bought a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter worth $2,257,000. Partners Wealth Management LLC bought a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter valued at $904,000. Finally, Sowell Financial Services LLC purchased a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter worth about $210,000.

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.