Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Expands By 44.9%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 27,933 shares, an increase of 44.9% from the December 15th total of 19,282 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 14,160 shares, the short-interest ratio is presently 2.0 days. Based on an average trading volume of 14,160 shares, the short-interest ratio is presently 2.0 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lido Advisors LLC boosted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 114.4% during the 2nd quarter. Lido Advisors LLC now owns 182,574 shares of the company’s stock valued at $7,520,000 after acquiring an additional 97,435 shares during the period. Fullcircle Wealth LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 2nd quarter worth about $1,799,000. Cetera Investment Advisers lifted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 4.8% during the 2nd quarter. Cetera Investment Advisers now owns 83,406 shares of the company’s stock valued at $3,435,000 after buying an additional 3,784 shares in the last quarter. MGO One Seven LLC boosted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 7.9% in the 2nd quarter. MGO One Seven LLC now owns 199,365 shares of the company’s stock valued at $8,211,000 after buying an additional 14,557 shares during the period. Finally, Crews Bank & Trust bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 2nd quarter worth about $51,000.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Up 0.1%

BondBloxx BB Rated USD High Yield Corporate Bond ETF stock traded up $0.04 during midday trading on Friday, reaching $41.42. 24,072 shares of the stock traded hands, compared to its average volume of 19,888. The stock has a market cap of $411.30 million, a P/E ratio of 59.99 and a beta of 0.44. The stock’s fifty day moving average is $41.22 and its 200-day moving average is $41.12. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.23 and a 12 month high of $41.61.

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.