BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) Short Interest Up 315.2% in April

BondBloxx USD High Yield Bond Industrial Sector ETF (NYSEARCA:XHYI) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 5,618 shares, a growth of 315.2% from the April 15th total of 1,353 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 891 shares, the short-interest ratio is presently 6.3 days.

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

A number of hedge funds have recently made changes to their positions in the stock. Partners Wealth Management LLC boosted its position in BondBloxx USD High Yield Bond Industrial Sector ETF by 6.2% during the first quarter. Partners Wealth Management LLC now owns 27,972 shares of the company’s stock valued at $1,046,000 after purchasing an additional 1,637 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in BondBloxx USD High Yield Bond Industrial Sector ETF by 89.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 27,380 shares of the company’s stock worth $1,046,000 after purchasing an additional 12,931 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of BondBloxx USD High Yield Bond Industrial Sector ETF during the second quarter valued at about $373,000.

BondBloxx USD High Yield Bond Industrial Sector ETF Stock Down 0.1%

NYSEARCA XHYI traded down $0.03 during midday trading on Wednesday, hitting $37.59. 711 shares of the company traded hands, compared to its average volume of 10,076. The company’s 50-day simple moving average is $37.59 and its 200-day simple moving average is $38.01. BondBloxx USD High Yield Bond Industrial Sector ETF has a 52 week low of $37.04 and a 52 week 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.