BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Stock Short Interest Report for October

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 49,226 shares, an increase of 116.3% from the September 30th total of 22,754 shares. Based on an average daily volume of 105,038 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF stock remained flat at $39.93 during midday trading on Friday. The stock had a trading volume of 28,535 shares, compared to its average volume of 197,800. The stock has a market cap of $567.01 million, a price-to-earnings ratio of 59.99 and a beta of 0.40. The company’s fifty day simple moving average is $40.01 and its 200-day simple moving average is $40.69. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1-year low of $39.11 and a 1-year high of $41.61.

Institutional Investors Weigh In On BondBloxx BB Rated USD High Yield Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the business. Partners Wealth Management LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at approximately $737,000. IFP Advisors Inc lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 13.1% in the 3rd quarter. IFP Advisors Inc now owns 89,088 shares of the company’s stock worth $3,520,000 after buying an additional 10,341 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter valued at $20,683,000. Envestnet Asset Management Inc. boosted its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 56.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,148 shares of the company’s stock valued at $867,000 after buying an additional 7,640 shares during the period. Finally, GK Wealth Management LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 2nd quarter valued at $284,000.

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.