BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 76.1% in August

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,333 shares, a decline of 76.1% from the August 15th total of 9,745 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 434,894 shares, the short-interest ratio is presently 0.0 days.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of XBB stock remained flat at $40.19 during trading hours on Friday. The stock had a trading volume of 134,389 shares, compared to its average volume of 209,326. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1-year low of $40.18 and a 1-year high of $41.61. The firm has a market cap of $512.42 million, a P/E ratio of 59.99 and a beta of 0.39. The stock has a 50-day simple moving average of $40.67 and a two-hundred day simple moving average of $40.81.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the fourth quarter worth about $181,000. GK Wealth Management LLC purchased a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 2nd quarter valued at approximately $284,000. Envestnet Asset Management Inc. acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth approximately $389,000. MML Investors Services LLC boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after purchasing an additional 623 shares during the period. Finally, CGN Advisors LLC boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% during the 2nd quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after purchasing an additional 885 shares during the period.

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.