BondBloxx USD High Yield Bond Energy Sector ETF (NYSEARCA:XHYE) Sees Large Drop in Short Interest

BondBloxx USD High Yield Bond Energy Sector ETF (NYSEARCA:XHYE) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 576 shares, a decline of 61.6% from the April 30th total of 1,501 shares. Based on an average daily volume of 10,066 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Adventist Health System Sunbelt Healthcare Corp grew its holdings in shares of BondBloxx USD High Yield Bond Energy Sector ETF by 0.4% during the third quarter. Adventist Health System Sunbelt Healthcare Corp now owns 83,400 shares of the company’s stock worth $3,257,000 after purchasing an additional 300 shares in the last quarter. HighTower Advisors LLC boosted its stake in BondBloxx USD High Yield Bond Energy Sector ETF by 1.8% in the fourth quarter. HighTower Advisors LLC now owns 26,213 shares of the company’s stock worth $1,011,000 after buying an additional 460 shares in the last quarter. Partners Wealth Management LLC boosted its stake in BondBloxx USD High Yield Bond Energy Sector ETF by 6.7% in the first quarter. Partners Wealth Management LLC now owns 9,677 shares of the company’s stock worth $378,000 after buying an additional 604 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in BondBloxx USD High Yield Bond Energy Sector ETF by 79.4% in the fourth quarter. Jane Street Group LLC now owns 27,587 shares of the company’s stock worth $1,064,000 after buying an additional 12,211 shares in the last quarter.

BondBloxx USD High Yield Bond Energy Sector ETF Price Performance

Shares of NYSEARCA XHYE opened at $39.11 on Friday. BondBloxx USD High Yield Bond Energy Sector ETF has a 12 month low of $37.33 and a 12 month high of $39.46. The business has a 50-day moving average of $39.14 and a 200-day moving average of $38.95.

BondBloxx USD High Yield Bond Energy Sector ETF Company Profile

The BondBloxx US High Yield Energy Sector ETF (XHYE) 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 energy sector. XHYE was launched on Feb 15, 2022 and is managed by BondBloxx.