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 significant drop in short interest in December. As of December 15th, there was short interest totaling 19,282 shares, a drop of 40.8% from the November 30th total of 32,579 shares. Based on an average daily trading volume, of 55,113 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,113 shares, the short-interest ratio is presently 0.3 days.

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

Shares of NYSEARCA:XBB traded down $0.13 during trading on Tuesday, hitting $41.24. 3,909 shares of the stock were exchanged, compared to its average volume of 88,374. The company has a market cap of $421.87 million, a PE ratio of 59.99 and a beta of 0.44. The company has a fifty day moving average price of $41.19 and a two-hundred day moving average price of $41.08. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12-month low of $38.23 and a 12-month high of $41.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XBB. Atwood & Palmer Inc. acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 2nd quarter valued at about $19,101,000. Lido Advisors LLC grew its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 114.4% in the second quarter. Lido Advisors LLC now owns 182,574 shares of the company’s stock valued at $7,520,000 after purchasing an additional 97,435 shares during the last quarter. Fullcircle Wealth LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $1,799,000. Jane Street Group LLC increased its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% during the 1st quarter. Jane Street Group LLC now owns 31,367 shares of the company’s stock worth $1,268,000 after purchasing an additional 17,497 shares in the last quarter. Finally, MGO One Seven LLC raised its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 7.9% during the 2nd quarter. MGO One Seven LLC now owns 199,365 shares of the company’s stock worth $8,211,000 after purchasing an additional 14,557 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.