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 growth in short interest in the month of January. As of January 30th, there was short interest totaling 264,570 shares, a growth of 272.3% from the January 15th total of 71,070 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily volume of 285,675 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 285,675 shares, the short-interest ratio is presently 0.9 days. Currently, 2.7% of the shares of the company are short sold.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Up 0.1%

Shares of XBB traded up $0.04 during mid-day trading on Friday, hitting $41.35. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 148,643. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 52 week low of $38.23 and a 52 week high of $41.61. The stock’s 50-day simple moving average is $41.27 and its 200-day simple moving average is $41.18. The firm has a market cap of $407.30 million, a price-to-earnings ratio of 59.99 and a beta of 0.44.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1899 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%.

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

A number of institutional investors have recently modified their holdings of XBB. Kestra Advisory Services LLC acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter worth $181,000. Municipal Employees Retirement System of Michigan raised its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% in 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 purchasing an additional 1,144,871 shares in the last quarter. MGO One Seven LLC lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% during the fourth quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock worth $8,811,000 after purchasing an additional 7,155 shares during the period. Sage Rhino Capital LLC lifted its position in 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 purchasing an additional 954 shares during the period. Finally, Atwood & Palmer Inc. grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% during the fourth quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock worth $20,007,000 after buying an additional 11,119 shares in the last quarter.

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.