BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (NYSEARCA:XHYC) Sees Significant Decrease in Short Interest

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (NYSEARCA:XHYC) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 518 shares, a decrease of 24.8% from the February 12th total of 689 shares. Based on an average trading volume of 68 shares, the days-to-cover ratio is currently 7.6 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 68 shares, the days-to-cover ratio is currently 7.6 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC bought a new position in shares of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF in the 4th quarter valued at about $649,000. Jane Street Group LLC acquired a new stake in shares of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF in the first quarter valued at about $695,000. Finally, SoundView Advisors Inc. bought a new stake in BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF during the third quarter worth about $20,120,000.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Price Performance

Shares of NYSEARCA XHYC traded up $0.07 during midday trading on Monday, reaching $36.88. The company’s stock had a trading volume of 316 shares, compared to its average volume of 6,894. The stock has a 50 day simple moving average of $37.40 and a 200-day simple moving average of $37.40. BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF has a fifty-two week low of $35.22 and a fifty-two week high of $38.44.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1772 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, March 2nd.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Company Profile

The BondBloxx US High Yield Consumer Cyclicals Sector ETF (XHYC) 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 in the consumer cyclicals sector. XHYC was launched on Feb 15, 2022 and is managed by BondBloxx.