Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Drops By 83.6%

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

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA:XBB traded up $0.02 during midday trading on Friday, hitting $41.10. 10,598 shares of the stock were exchanged, compared to its average volume of 182,865. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 52-week low of $40.18 and a 52-week high of $41.61. The business’s fifty day simple moving average is $40.83 and its two-hundred day simple moving average is $41.07. The company has a market capitalization of $452.92 million, a PE ratio of 59.99 and a beta of 0.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XBB. Nemes Rush Group LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at about $29,000. Kestra Advisory Services LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $181,000. GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter worth approximately $243,000. Envestnet Asset Management Inc. bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter worth approximately $389,000. Finally, MML Investors Services LLC grew its position in 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.

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.