BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Update

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,910 shares, a decrease of 67.3% from the February 26th total of 8,891 shares. Based on an average trading volume of 6,344 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in 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 acquiring an additional 48,594 shares during the period. Strait & Sound Wealth Management LLC grew its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock valued at $1,763,000 after acquiring an additional 6,609 shares during the period. Stratos Investment Management LLC purchased a new stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter worth $242,000. Nemes Rush Group LLC increased its stake 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 worth $156,000 after purchasing an additional 2,581 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 4.2% in the 3rd quarter. MGO One Seven LLC now owns 76,918 shares of the company’s stock worth $3,063,000 after purchasing an additional 3,073 shares during the period.

BondBloxx B Rated USD High Yield Corporate Bond ETF Trading Down 0.3%

Shares of BondBloxx B Rated USD High Yield Corporate Bond ETF stock traded down $0.10 during trading hours on Friday, reaching $38.51. 610 shares of the stock traded hands, compared to its average volume of 3,639. The company has a 50 day moving average price of $39.32 and a 200 day moving average price of $39.48. BondBloxx B Rated USD High Yield Corporate Bond ETF has a one year low of $36.93 and a one year high of $39.92.

BondBloxx B Rated USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2113 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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.