BondBloxx USD High Yield Bond Financial & REIT Sector ETF (NYSEARCA:XHYF) Sees Large Drop in Short Interest

BondBloxx USD High Yield Bond Financial & REIT Sector ETF (NYSEARCA:XHYF) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 82 shares, a drop of 96.9% from the April 30th total of 2,617 shares. Based on an average daily volume of 9,259 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

BondBloxx USD High Yield Bond Financial & REIT Sector ETF Price Performance

XHYF remained flat at $37.00 on Friday. The firm has a 50 day moving average of $37.04 and a two-hundred day moving average of $37.53. BondBloxx USD High Yield Bond Financial & REIT Sector ETF has a 52 week low of $36.49 and a 52 week high of $39.85. The stock has a market cap of $10.36 million, a price-to-earnings ratio of 60.32 and a beta of 0.39.

Institutional Investors Weigh In On BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Several institutional investors and hedge funds have recently modified their holdings of XHYF. Cetera Investment Advisers purchased a new position in shares of BondBloxx USD High Yield Bond Financial & REIT Sector ETF in the first quarter worth $1,140,000. Concurrent Investment Advisors LLC grew its stake in BondBloxx USD High Yield Bond Financial & REIT Sector ETF by 87.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 27,374 shares of the company’s stock valued at $1,037,000 after acquiring an additional 12,796 shares in the last quarter. Global Assets Advisory LLC purchased a new position in BondBloxx USD High Yield Bond Financial & REIT Sector ETF during the first quarter valued at $1,001,000. Finally, Partners Wealth Management LLC increased its holdings in BondBloxx USD High Yield Bond Financial & REIT Sector ETF by 2.3% in the 1st quarter. Partners Wealth Management LLC now owns 22,087 shares of the company’s stock valued at $814,000 after acquiring an additional 492 shares during the last quarter.

About BondBloxx USD High Yield Bond Financial & REIT Sector ETF

The BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) 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 financial and REIT sector. XHYF was launched on Feb 15, 2022 and is managed by BondBloxx.