BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Update

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,306 shares, a decrease of 83.6% from the April 30th total of 14,027 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 162,364 shares, the days-to-cover ratio is presently 0.0 days.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

NYSEARCA XBB traded up $0.02 during trading on Friday, reaching $41.10. The company’s stock had a trading volume of 10,598 shares, compared to its average volume of 182,865. The stock has a market capitalization of $452.92 million, a PE ratio of 59.99 and a beta of 0.40. The firm has a fifty day moving average of $40.83 and a 200 day moving average of $41.07. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $40.18 and a one year high of $41.61.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Nemes Rush Group LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth about $29,000. Kestra Advisory Services LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth about $181,000. GK Wealth Management LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth about $243,000. Envestnet Asset Management Inc. purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth about $389,000. Finally, MML Investors Services LLC boosted its holdings in shares of 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 in the last quarter.

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.