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 recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 2,748 shares, an increase of 241.8% from the May 14th total of 804 shares. Based on an average daily trading volume, of 8,438 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

BondBloxx B Rated USD High Yield Corporate Bond ETF Price Performance

Shares of BondBloxx B Rated USD High Yield Corporate Bond ETF stock traded up $0.01 during mid-day trading on Friday, hitting $39.19. 4,437 shares of the stock were exchanged, compared to its average volume of 12,220. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.51 and a 12 month high of $39.92. The company has a 50-day simple moving average of $39.17 and a 200 day simple moving average of $39.33.

Hedge Funds Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF

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

About BondBloxx B Rated USD High Yield Corporate Bond ETF

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.