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

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,333 shares, a decrease of 76.1% from the August 15th total of 9,745 shares. Based on an average daily trading volume, of 434,894 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

XBB stock remained flat at $40.19 on Friday. The company had a trading volume of 134,389 shares, compared to its average volume of 209,326. The company has a 50-day moving average price of $40.67 and a two-hundred day moving average price of $40.81. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12 month low of $40.18 and a 12 month high of $41.61. The stock has a market capitalization of $512.42 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter worth approximately $181,000. GK Wealth Management LLC bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter valued at approximately $284,000. Envestnet Asset Management Inc. bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at approximately $389,000. MML Investors Services LLC boosted its holdings in 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 worth $413,000 after purchasing an additional 623 shares during the last quarter. Finally, CGN Advisors LLC boosted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after purchasing an additional 885 shares during the last quarter.

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.