The BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (NYSEARCA:XHYT) experienced a remarkable decline in short interest during February. As of February 13th, the short interest stood at just 119 shares, which reflects a substantial decrease of 72.8% from the total of 438 shares recorded on January 29th. This reduction indicates that a mere 0.0% of the ETF”s shares are currently short sold.
With an average trading volume of 1,409 shares, the short-interest ratio for XHYT is currently at 0.1 days, suggesting that the market sentiment is trending towards confidence in the ETF.
In midday trading on Thursday, shares of XHYT increased by $0.02, reaching a price of $34.34. Only 23 shares changed hands, significantly below its average trading volume of 3,801 shares. The ETF”s performance is further illustrated by its 50-day moving average of $34.58 and a 200-day moving average of $34.80. Over the past year, the ETF has seen a low of $32.85 and a high of $36.47, with the current market cap sitting at $51.51 million and a price-to-earnings ratio of 4.06. The ETF also has a beta of 0.49, indicating lower volatility compared to the broader market.
Recently, the company declared a monthly dividend, which was disbursed on Thursday, February 5th. Investors who were on record as of Monday, February 2nd received a dividend of $0.2124 per share. The ex-dividend date was also noted as February 2nd, and this dividend represents an annualized yield of 7.4%.
The BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (XHYT) is specifically designed for investors seeking exposure to high-yield fixed income investments. The ETF tracks a modified market value-weighted index composed of USD-denominated corporate bonds from companies primarily in the telecommunications, media, and technology sectors. Launched on February 15, 2022, XHYT is managed by BondBloxx.
