BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Down 72.8% in July

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,176 shares, a decline of 72.8% from the June 30th total of 8,001 shares. Based on an average daily volume of 7,426 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 83,257 shares of the company’s stock worth $3,243,000 after acquiring an additional 4,242 shares in the last quarter. Strait & Sound Wealth Management LLC lifted its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 10.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 49,265 shares of the company’s stock valued at $1,919,000 after acquiring an additional 4,607 shares during the period. Finally, Stratos Investment Management LLC purchased a new stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the 4th quarter worth $242,000.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XB stock traded up $0.02 during trading hours on Friday, reaching $38.88. 1,432 shares of the company’s stock were exchanged, compared to its average volume of 10,992. The company’s 50 day moving average is $39.13 and its two-hundred day moving average is $39.24. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 1 year low of $38.51 and a 1 year 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.