BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Sees Significant Drop in Short Interest

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 235,886 shares, a decline of 36.7% from the May 31st total of 372,810 shares. Based on an average daily trading volume, of 376,639 shares, the short-interest ratio is currently 0.6 days. Approximately 2.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in XCCC. Strategic Advocates LLC raised its position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 97.8% during the fourth quarter. Strategic Advocates LLC now owns 886 shares of the company’s stock valued at $34,000 after purchasing an additional 438 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 2.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 28,556 shares of the company’s stock worth $1,086,000 after purchasing an additional 672 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 33.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,126 shares of the company’s stock worth $119,000 after purchasing an additional 782 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 15.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 7,464 shares of the company’s stock valued at $284,000 after purchasing an additional 996 shares during the last quarter. Finally, HBW Advisory Services LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 3.0% during the 1st quarter. HBW Advisory Services LLC now owns 37,533 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,094 shares during the last quarter.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA XCCC opened at $36.37 on Friday. The firm’s 50-day moving average price is $36.74 and its 200-day moving average price is $37.16. The stock has a market capitalization of $317.51 million, a price-to-earnings ratio of 4.02 and a beta of 0.48. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 12-month low of $35.86 and a 12-month high of $39.35.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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 CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.