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

BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 280 shares, a decrease of 95.0% from the April 30th total of 5,618 shares. Based on an average daily trading volume, of 16,510 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of BondBloxx USD High Yield Bond Industrial Sector ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of BondBloxx USD High Yield Bond Industrial Sector ETF during the 2nd quarter worth approximately $373,000. Cetera Investment Advisers acquired a new stake in shares of BondBloxx USD High Yield Bond Industrial Sector ETF during the 1st quarter worth approximately $493,000. Partners Wealth Management LLC raised its position in shares of BondBloxx USD High Yield Bond Industrial Sector ETF by 127.3% during the 4th quarter. Partners Wealth Management LLC now owns 26,335 shares of the company’s stock worth $1,006,000 after purchasing an additional 14,751 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in BondBloxx USD High Yield Bond Industrial Sector ETF by 89.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 27,380 shares of the company’s stock worth $1,046,000 after buying an additional 12,931 shares in the last quarter.

BondBloxx USD High Yield Bond Industrial Sector ETF Price Performance

Shares of BondBloxx USD High Yield Bond Industrial Sector ETF stock remained flat at $37.45 on Thursday. The company’s 50-day simple moving average is $37.53 and its 200 day simple moving average is $37.95. BondBloxx USD High Yield Bond Industrial Sector ETF has a one year low of $37.04 and a one year high of $39.47.

BondBloxx USD High Yield Bond Industrial Sector ETF Company Profile

The BondBloxx US High Yield Industrial Sector ETF (XHYI) 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 industrial sector. XHYI was launched on Feb 15, 2022 and is managed by BondBloxx.