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

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,847 shares, a growth of 112.8% from the May 31st total of 2,748 shares. Based on an average trading volume of 34,249 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC boosted its position in shares of 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 valued at $156,000 after purchasing an additional 2,581 shares during the period. Stratos Investment Management LLC purchased a new stake in BondBloxx B Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at about $242,000. Strait & Sound Wealth Management LLC lifted its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock valued at $1,763,000 after buying an additional 6,609 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the fourth quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock worth $3,119,000 after buying an additional 48,594 shares during the period.

BondBloxx B Rated USD High Yield Corporate Bond ETF Price Performance

XB opened at $39.24 on Tuesday. The business has a fifty day simple moving average of $39.20 and a 200-day simple moving average of $39.30. BondBloxx B Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $38.51 and a fifty-two week high of $39.92.

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.