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 recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 29,541 shares, a drop of 88.8% from the January 29th total of 264,570 shares. Based on an average daily trading volume, of 140,890 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 140,890 shares, the days-to-cover ratio is presently 0.2 days.

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

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

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Up 0.1%

NYSEARCA:XBB traded up $0.03 during trading hours on Wednesday, hitting $41.41. The company had a trading volume of 7,325 shares, compared to its average volume of 121,963. 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. The company has a market cap of $407.89 million, a P/E ratio of 59.99 and a beta of 0.44. The company has a 50-day moving average of $41.32 and a 200 day moving average of $41.21.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.1899 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

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.