Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Grows By 5,424.9%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 127,405 shares, an increase of 5,424.9% from the May 14th total of 2,306 shares. Based on an average daily trading volume, of 555,576 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.2% of the company’s stock are short sold.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Up 0.3%

XBB traded up $0.11 during midday trading on Tuesday, reaching $40.85. The company had a trading volume of 1,318,998 shares, compared to its average volume of 199,335. The company has a market cap of $450.17 million, a P/E ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $40.18 and a 1 year high of $41.61. The business has a 50-day moving average of $40.87 and a two-hundred day moving average of $41.06.

Hedge Funds Weigh In On BondBloxx BB Rated USD High Yield Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter worth about $29,000. Kestra Advisory Services LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $181,000. GK Wealth Management LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $243,000. Envestnet Asset Management Inc. bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth approximately $389,000. Finally, MML Investors Services LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after purchasing an additional 623 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.