BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 102,135 shares, a decline of 47.2% from the June 15th total of 193,339 shares. Based on an average daily trading volume, of 91,090 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.7% of the shares of the company are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth approximately $30,000. CWM LLC raised 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 buying an additional 6,343 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF during the 4th quarter valued at $167,000. Finally, Jane Street Group LLC bought a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF during the 2nd quarter valued at $182,000.
BondBloxx USD High Yield Bond Sector Rotation ETF Stock Down 0.2%
HYSA traded down $0.03 during midday trading on Friday, hitting $14.88. 18,638 shares of the company traded hands, compared to its average volume of 37,154. The company’s 50-day moving average is $14.93 and its 200 day moving average is $15.01. The firm has a market capitalization of $64.13 million, a PE ratio of 4.03 and a beta of 0.26. BondBloxx USD High Yield Bond Sector Rotation ETF has a 52 week low of $14.66 and a 52 week high of $15.53.
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.
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