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) saw a significant drop in short interest during the month of 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. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 116,398 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HYSA. Sowell Financial Services LLC acquired a new position in BondBloxx USD High Yield Bond Sector Rotation ETF during the 3rd quarter worth approximately $210,000. Partners Wealth Management LLC acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the 3rd quarter valued at $904,000. Finally, DUTCH ASSET Corp acquired a new stake in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the 3rd quarter valued at $2,257,000.

BondBloxx USD High Yield Bond Sector Rotation ETF Stock Performance

BondBloxx USD High Yield Bond Sector Rotation ETF stock opened at $14.35 on Wednesday. The company’s 50 day simple moving average is $14.55 and its 200-day simple moving average is $14.86. The company has a market capitalization of $110.93 million, a price-to-earnings ratio of 4.03 and a beta of 0.28. BondBloxx USD High Yield Bond Sector Rotation ETF has a 1 year low of $14.23 and a 1 year high of $15.50.

BondBloxx USD High Yield Bond Sector Rotation ETF Company Profile

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.