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 target of a large decline in short interest in March. As of March 13th, there was short interest totaling 216 shares, a decline of 58.3% from the February 26th total of 518 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,168 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

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

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Stock Performance

Shares of BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF stock opened at $36.81 on Thursday. The business has a 50-day moving average price of $37.30 and a 200-day moving average price of $37.37. BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF has a twelve month low of $35.22 and a twelve month high of $38.44.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Cuts Dividend

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

About BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

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.