BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Up 102.8% in February

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 6,296 shares, a growth of 102.8% from the January 29th total of 3,104 shares. Based on an average daily trading volume, of 5,399 shares, the short-interest ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 5,399 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XB. Cetera Investment Advisers increased its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 29,318 shares of the company’s stock worth $1,165,000 after acquiring an additional 279 shares during the last quarter. Nemes Rush Group LLC bought a new position in BondBloxx B Rated USD High Yield Corporate Bond ETF during the second quarter worth about $54,000. Strait & Sound Wealth Management LLC boosted its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 12.0% during the third quarter. Strait & Sound Wealth Management LLC now owns 38,049 shares of the company’s stock worth $1,515,000 after purchasing an additional 4,080 shares during the period. MGO One Seven LLC increased its stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 4.2% in the third quarter. MGO One Seven LLC now owns 76,918 shares of the company’s stock worth $3,063,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Stratos Investment Management LLC bought a new stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $242,000.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Down 0.2%

XB traded down $0.09 during midday trading on Friday, reaching $39.47. The company had a trading volume of 3,923 shares, compared to its average volume of 2,539. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 12-month low of $36.93 and a 12-month high of $39.98. The business has a 50-day moving average price of $39.59 and a two-hundred day moving average price of $39.57.

BondBloxx B Rated USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2329 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Monday, February 2nd.

BondBloxx B Rated USD High Yield Corporate Bond ETF Company Profile

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