BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Down 72.8% in July

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,176 shares, a drop of 72.8% from the June 30th total of 8,001 shares. Based on an average trading volume of 7,426 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in XB. Stratos Investment Management LLC purchased a new position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at approximately $242,000. Strait & Sound Wealth Management LLC lifted its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock valued at $1,763,000 after purchasing an additional 6,609 shares during the period. Finally, Cetera Investment Advisers lifted its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the fourth quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock valued at $3,119,000 after purchasing an additional 48,594 shares during the period.

BondBloxx B Rated USD High Yield Corporate Bond ETF Price Performance

XB traded up $0.02 on Friday, reaching $38.88. The company had a trading volume of 1,432 shares, compared to its average volume of 10,992. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 1 year low of $38.51 and a 1 year high of $39.92. The stock has a 50-day moving average price of $39.13 and a 200-day moving average price of $39.24.

BondBloxx B Rated USD High Yield Corporate Bond ETF Company Profile

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