BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Sees Large Growth in Short Interest

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 5,847 shares, an increase of 112.8% from the May 31st total of 2,748 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 34,249 shares, the days-to-cover ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of XB. Cetera Investment Advisers grew its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 5.4% during the first quarter. Cetera Investment Advisers now owns 83,257 shares of the company’s stock valued at $3,243,000 after buying an additional 4,242 shares in the last quarter. Strait & Sound Wealth Management LLC raised its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 10.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 49,265 shares of the company’s stock valued at $1,919,000 after buying an additional 4,607 shares during the period. Stratos Investment Management LLC purchased a new stake in BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter worth about $242,000. Finally, Nemes Rush Group LLC lifted its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% in the 3rd quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock worth $156,000 after acquiring an additional 2,581 shares in the last quarter.

BondBloxx B Rated USD High Yield Corporate Bond ETF Trading Up 0.1%

NYSEARCA XB opened at $39.24 on Tuesday. BondBloxx B Rated USD High Yield Corporate Bond ETF has a twelve month low of $38.51 and a twelve month high of $39.92. The firm’s 50 day moving average price is $39.20 and its two-hundred day moving average price is $39.30.

BondBloxx B Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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 B (or its equivalent), based on an average of three main credit rating providers. XB was launched on May 24, 2022 and is managed by BondBloxx.