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

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 92,124 shares, a growth of 1,593.1% from the June 15th total of 5,441 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 20,301 shares, the short-interest ratio is presently 4.5 days.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Down 0.1%

XBB stock traded down $0.03 during trading on Friday, hitting $40.80. The company had a trading volume of 5,693 shares, compared to its average volume of 179,034. The business has a 50 day moving average of $40.87 and a 200 day moving average of $41.01. The firm has a market capitalization of $523.06 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $40.18 and a fifty-two week high of $41.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nemes Rush Group LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter valued at $181,000. GK Wealth Management LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth $243,000. Envestnet Asset Management Inc. bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth $389,000. Finally, MML Investors Services LLC lifted 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 valued at $413,000 after buying an additional 623 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.