BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Sees Large Decline in Short Interest

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 71,289 shares, a decline of 90.1% from the February 26th total of 721,138 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 182,795 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 182,795 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.7% of the shares of the stock are sold short.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.3%

XBB traded down $0.13 during midday trading on Tuesday, reaching $40.46. 301,726 shares of the company’s stock were exchanged, compared to its average volume of 146,049. The business has a 50-day simple moving average of $41.15 and a two-hundred day simple moving average of $41.18. The firm has a market capitalization of $398.53 million, a price-to-earnings ratio of 59.99 and a beta of 0.44. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $38.23 and a one year high of $41.61.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1621 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% during the 1st quarter. Jane Street Group LLC now owns 31,367 shares of the company’s stock worth $1,268,000 after acquiring an additional 17,497 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 4.8% in the second quarter. Cetera Investment Advisers now owns 83,406 shares of the company’s stock worth $3,435,000 after acquiring an additional 3,784 shares during the last quarter. Lido Advisors LLC lifted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 114.4% during the second quarter. Lido Advisors LLC now owns 182,574 shares of the company’s stock worth $7,520,000 after purchasing an additional 97,435 shares in the last quarter. Atwood & Palmer Inc. grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.5% during the third quarter. Atwood & Palmer Inc. now owns 475,156 shares of the company’s stock valued at $19,645,000 after purchasing an additional 11,386 shares during the last quarter. Finally, MGO One Seven LLC increased its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.8% in the third quarter. MGO One Seven LLC now owns 206,998 shares of the company’s stock valued at $8,558,000 after purchasing an additional 7,633 shares in the last quarter.

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.