BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) Sees Significant Decrease in Short Interest

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 114 shares, a decrease of 92.3% from the April 30th total of 1,477 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 16,159 shares, the days-to-cover ratio is currently 0.0 days.

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

Shares of NYSEARCA:XHYT remained flat at $33.69 during midday trading on Wednesday. The company has a market cap of $16.85 million, a P/E ratio of 4.06 and a beta of -0.39. The business has a 50-day simple moving average of $33.91 and a two-hundred day simple moving average of $34.32. BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF has a 1 year low of $33.55 and a 1 year high of $36.47.

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.