Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Grows By 5,424.9%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 127,405 shares, a growth of 5,424.9% from the May 14th total of 2,306 shares. Based on an average daily trading volume, of 555,576 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On BondBloxx BB Rated USD High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock valued at $303,338,000 after buying an additional 1,144,871 shares during the last quarter. Cetera Investment Advisers boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% during the first quarter. Cetera Investment Advisers now owns 21,953 shares of the company’s stock valued at $893,000 after buying an additional 260 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% during the first quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock valued at $232,000 after buying an additional 1,309 shares during the last quarter. Potomac Fund Management Inc. ADV boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% during the fourth quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock valued at $48,316,000 after buying an additional 169,347 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after buying an additional 623 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of XBB stock traded up $0.11 during mid-day trading on Tuesday, hitting $40.85. The company had a trading volume of 1,318,998 shares, compared to its average volume of 199,335. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 52-week low of $40.18 and a 52-week high of $41.61. The stock’s 50 day moving average price is $40.87 and its 200-day moving average price is $41.06. The company has a market capitalization of $450.17 million, a P/E ratio of 59.99 and a beta of 0.39.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

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.