BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 50.2% in July

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 45,893 shares, a drop of 50.2% from the June 30th total of 92,124 shares. Based on an average daily volume of 238,178 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of XBB. Kestra Advisory Services LLC bought a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter worth about $181,000. GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter valued at about $284,000. Envestnet Asset Management Inc. bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at about $389,000. MML Investors Services LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after purchasing an additional 623 shares in the last quarter. Finally, CGN Advisors LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after purchasing an additional 885 shares in the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA XBB traded up $0.03 during trading hours on Tuesday, reaching $40.55. The stock had a trading volume of 6,449 shares, compared to its average volume of 184,953. The business’s fifty day moving average is $40.83 and its two-hundred day moving average is $40.97. The company has a market cap of $531.20 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a twelve month low of $40.18 and a twelve month high of $41.61.

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.