BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 95.7% in June

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 5,441 shares, a decrease of 95.7% from the May 31st total of 127,405 shares. Based on an average trading volume of 288,979 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

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

A number of large investors have recently modified their holdings of XBB. Jane Street Group LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% during the first 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. Envestnet Asset Management Inc. purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter worth about $389,000. Nemes Rush Group LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter worth about $29,000. Lido Advisors LLC boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 187,589 shares of the company’s stock worth $7,756,000 after acquiring an additional 5,015 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at about $243,000.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA XBB traded down $0.03 during midday trading on Friday, hitting $40.93. The company’s stock had a trading volume of 7,557 shares, compared to its average volume of 181,990. The business’s fifty day simple moving average is $40.90 and its two-hundred day simple moving average is $41.03. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $40.18 and a 1 year high of $41.61. The firm has a market capitalization of $451.05 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

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.