BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Sees Large Growth in Short Interest

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 372,810 shares, an increase of 85.4% from the May 14th total of 201,107 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily volume of 707,326 shares, the short-interest ratio is presently 0.5 days.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Price Performance

XCCC stock traded up $0.09 during midday trading on Monday, hitting $36.83. The company’s stock had a trading volume of 5,372 shares, compared to its average volume of 310,903. The company’s fifty day moving average price is $36.75 and its 200 day moving average price is $37.33. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a twelve month low of $35.86 and a twelve month high of $39.35. The stock has a market capitalization of $301.27 million, a P/E ratio of 4.02 and a beta of 0.48.

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

Several institutional investors and hedge funds have recently bought and sold shares of XCCC. Bank of America Corp DE bought a new position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $73,000. Jane Street Group LLC acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 1st quarter worth approximately $3,883,000. Invesco Ltd. bought a new stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $3,882,000. Ameritas Advisory Services LLC boosted its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 309.2% in the 3rd quarter. Ameritas Advisory Services LLC now owns 5,115 shares of the company’s stock valued at $201,000 after buying an additional 3,865 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $702,000.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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 CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.