Short Interest in BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) Rises By 93.6%

BondBloxx USD High Yield Bond Sector Rotation ETF (NYSEARCA:HYSA) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 35,001 shares, a growth of 93.6% from the April 15th total of 18,077 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 14,237 shares, the days-to-cover ratio is presently 2.5 days.

BondBloxx USD High Yield Bond Sector Rotation ETF Price Performance

Shares of HYSA stock remained flat at $14.87 during trading hours on Monday. 28,911 shares of the company’s stock traded hands, compared to its average volume of 15,933. The stock has a market capitalization of $30.19 million, a P/E ratio of 4.03 and a beta of 0.28. BondBloxx USD High Yield Bond Sector Rotation ETF has a 52-week low of $14.66 and a 52-week high of $15.53. The stock has a 50-day simple moving average of $14.91 and a 200 day simple moving average of $15.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the second quarter worth $182,000. CWM LLC purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter worth $32,000. Truist Financial Corp purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter worth $154,000. MAI Capital Management purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the third quarter worth $29,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of BondBloxx USD High Yield Bond Sector Rotation ETF in the fourth quarter worth $167,000.

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.