BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) Sees Large Growth in Short Interest

BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,278 shares, an increase of 325.8% from the March 15th total of 535 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 2,612 shares, the short-interest ratio is presently 0.9 days.

BondBloxx USD High Yield Bond Industrial Sector ETF Stock Performance

NYSEARCA:XHYI opened at $37.60 on Monday. The company has a fifty day simple moving average of $37.80 and a two-hundred day simple moving average of $38.10. BondBloxx USD High Yield Bond Industrial Sector ETF has a 52 week low of $36.58 and a 52 week high of $39.47.

BondBloxx USD High Yield Bond Industrial Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.1749 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its stake in shares of BondBloxx USD High Yield Bond Industrial Sector ETF by 89.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 27,380 shares of the company’s stock worth $1,046,000 after purchasing an additional 12,931 shares in the last quarter. Partners Wealth Management LLC grew its stake in shares of BondBloxx USD High Yield Bond Industrial Sector ETF by 127.3% during the fourth quarter. Partners Wealth Management LLC now owns 26,335 shares of the company’s stock worth $1,006,000 after purchasing an additional 14,751 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of BondBloxx USD High Yield Bond Industrial Sector ETF during the second quarter worth $373,000.

About BondBloxx USD High Yield Bond Industrial Sector ETF

The BondBloxx US High Yield Industrial Sector ETF (XHYI) 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 industrial sector. XHYI was launched on Feb 15, 2022 and is managed by BondBloxx.