BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Update

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 16,800 shares, a decrease of 30.9% from the September 30th total of 24,300 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 110,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 110,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1,363.6% in the first quarter. Cetera Investment Advisers now owns 79,622 shares of the company’s stock worth $3,219,000 after buying an additional 74,182 shares during the last quarter. Fullcircle Wealth LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter worth $1,799,000. Crews Bank & Trust bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter worth $51,000. MGO One Seven LLC lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 7.9% in the second quarter. MGO One Seven LLC now owns 199,365 shares of the company’s stock worth $8,211,000 after buying an additional 14,557 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% in the second quarter. Sage Rhino Capital LLC now owns 55,794 shares of the company’s stock worth $2,298,000 after buying an additional 656 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA XBB traded down $0.06 during midday trading on Tuesday, reaching $40.93. 3,803 shares of the stock traded hands, compared to its average volume of 73,002. The stock has a market capitalization of $418.71 million, a PE ratio of 59.99 and a beta of 0.44. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $38.23 and a one year high of $41.61. The company’s 50 day moving average is $41.21 and its 200 day moving average is $40.84.

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.