BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 90.1% in March

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBBGet Free Report) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 71,289 shares, a drop of 90.1% from the February 26th total of 721,138 shares. Based on an average daily volume of 182,795 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 182,795 shares, the short-interest ratio is currently 0.4 days.

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

Shares of XBB traded down $0.13 during trading hours on Tuesday, reaching $40.46. The company’s stock had a trading volume of 301,726 shares, compared to its average volume of 146,049. The firm has a market cap of $398.53 million, a price-to-earnings ratio of 59.99 and a beta of 0.44. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1-year low of $38.23 and a 1-year high of $41.61. The company has a 50 day moving average of $41.15 and a two-hundred day moving average of $41.18.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1621 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, March 2nd.

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

Institutional investors have recently bought and sold shares of the company. Lido Advisors LLC lifted its stake 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 worth $7,520,000 after buying an additional 97,435 shares during the last quarter. Cetera Investment Advisers grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 4.8% in the 2nd quarter. Cetera Investment Advisers now owns 83,406 shares of the company’s stock valued at $3,435,000 after buying an additional 3,784 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $29,000. GK Wealth Management LLC bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $243,000. Finally, Sage Rhino Capital LLC lifted its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.7% during the fourth quarter. Sage Rhino Capital LLC now owns 57,637 shares of the company’s stock worth $2,371,000 after buying an additional 954 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

(Get Free Report)

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.

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