Short Interest in BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) Drops By 72.8%

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 119 shares, a drop of 72.8% from the January 29th total of 438 shares. Based on an average daily volume of 1,409 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,409 shares, the days-to-cover ratio is presently 0.1 days.

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF Price Performance

Shares of NYSEARCA XHYT traded down $0.05 during trading hours on Friday, reaching $34.29. The stock had a trading volume of 203 shares, compared to its average volume of 3,710. The business’s fifty day moving average is $34.56 and its two-hundred day moving average is $34.79. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a twelve month low of $32.85 and a twelve month high of $36.47. The company has a market cap of $51.44 million, a price-to-earnings ratio of 4.06 and a beta of 0.49.

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.2124 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

About BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

The BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) 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 telecommunications, media, and technology sectors. XHYT was launched on Feb 15, 2022 and is managed by BondBloxx.