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 significant decrease in short interest in June. As of June 15th, there was short interest totaling 235,886 shares, a decrease of 36.7% from the May 31st total of 372,810 shares. Based on an average daily trading volume, of 376,639 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.9% of the company’s stock are sold short.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Up 0.2%

NYSEARCA:XCCC traded up $0.08 during trading hours on Thursday, reaching $36.38. 21,048 shares of the stock were exchanged, compared to its average volume of 288,464. The stock has a market capitalization of $317.60 million, a P/E ratio of 4.02 and a beta of 0.48. The firm has a 50 day simple moving average of $36.77 and a 200-day simple moving average of $37.18. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 52 week low of $35.86 and a 52 week high of $39.35.

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

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the first quarter worth $286,000. Strait & Sound Wealth Management LLC lifted its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 14.7% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 122,674 shares of the company’s stock worth $4,465,000 after buying an additional 15,707 shares during the last quarter. Stadion Money Management LLC lifted its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 5.7% in the 1st quarter. Stadion Money Management LLC now owns 168,172 shares of the company’s stock worth $6,121,000 after buying an additional 9,000 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 145.5% in the 1st quarter. Cetera Investment Advisers now owns 67,425 shares of the company’s stock valued at $2,454,000 after buying an additional 39,962 shares during the period. Finally, CacheTech Inc. boosted its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 7.3% in the 1st quarter. CacheTech Inc. now owns 226,306 shares of the company’s stock valued at $8,238,000 after buying an additional 15,363 shares during the period.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

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.