BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 84.5% in July

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,119 shares, a decrease of 84.5% from the July 15th total of 45,893 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 157,688 shares, the short-interest ratio is presently 0.0 days.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Up 5.8%

Shares of NYSEARCA XBB traded up $2.34 during mid-day trading on Wednesday, reaching $42.99. 439 shares of the company were exchanged, compared to its average volume of 183,824. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 52 week low of $40.18 and a 52 week high of $42.99. The company’s 50 day moving average price is $40.78 and its 200 day moving average price is $40.91. The stock has a market capitalization of $548.12 million, a PE ratio of 59.99 and a beta of 0.39.

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

Several institutional investors have recently modified their holdings of XBB. Cetera Investment Advisers lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% in the first quarter. Cetera Investment Advisers now owns 21,953 shares of the company’s stock worth $893,000 after purchasing an additional 260 shares during the last quarter. MML Investors Services LLC increased its holdings 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 buying an additional 623 shares during the period. CGN Advisors LLC lifted its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the 2nd quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock valued at $596,000 after acquiring an additional 885 shares during the last quarter. Sage Rhino Capital LLC boosted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.7% during the 4th quarter. Sage Rhino Capital LLC now owns 57,637 shares of the company’s stock valued at $2,371,000 after acquiring an additional 954 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% during the 1st quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock valued at $232,000 after acquiring an additional 1,309 shares during the period.

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.