BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Sees Significant Drop in Short Interest

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 14,762 shares, a drop of 57.8% from the April 30th total of 35,001 shares. Based on an average daily volume of 18,067 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the shares of the company are short sold.

BondBloxx USD High Yield Bond Sector Rotation ETF Price Performance

HYSA traded down $0.01 during trading hours on Friday, hitting $15.01. 23,755 shares of the stock were exchanged, compared to its average volume of 17,037. The stock has a 50-day simple moving average of $14.92 and a 200-day simple moving average of $15.07. BondBloxx USD High Yield Bond Sector Rotation ETF has a 12 month low of $14.66 and a 12 month high of $15.53. The stock has a market cap of $30.47 million, a price-to-earnings ratio of 4.03 and a beta of 0.28.

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

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $326,000. Kingsview Wealth Management LLC acquired a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $167,000. Truist Financial Corp acquired a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter worth $154,000. CWM LLC increased its position in BondBloxx USD High Yield Bond Sector Rotation ETF by 307.8% in the fourth quarter. CWM LLC now owns 8,404 shares of the company’s stock worth $127,000 after buying an additional 6,343 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $30,000.

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.