BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Sees Large Increase in Short Interest

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 71,070 shares, a growth of 154.4% from the December 31st total of 27,933 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 19,523 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 19,523 shares, the days-to-cover ratio is presently 3.6 days. Approximately 0.8% of the shares of the company are short sold.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA:XBB remained flat at $41.36 on Thursday. 36,411 shares of the company’s stock were exchanged, compared to its average volume of 158,143. The company’s fifty day moving average price is $41.28 and its two-hundred day moving average price is $41.15. The firm has a market cap of $390.85 million, a P/E ratio of 59.99 and a beta of 0.44. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $38.23 and a 1 year high of $41.61.

Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in XBB. Nemes Rush Group LLC acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at approximately $29,000. Crews Bank & Trust purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter worth $51,000. Game Plan Financial Advisors LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter worth about $103,000. GK Wealth Management LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth about $243,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter valued at $389,000.

About BondBloxx BB Rated USD High Yield Corporate Bond ETF

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.