BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 83.6% in May

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 2,306 shares, a drop of 83.6% from the April 30th total of 14,027 shares. Based on an average daily volume of 162,364 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF stock opened at $40.91 on Thursday. The firm’s 50-day simple moving average is $40.82 and its 200-day simple moving average is $41.07. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a twelve month low of $40.18 and a twelve month high of $41.61. The firm has a market cap of $450.83 million, a P/E ratio of 59.99 and a beta of 0.40.

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

Several institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock valued at $303,338,000 after acquiring an additional 1,144,871 shares in the last quarter. Potomac Fund Management Inc. ADV boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% in the 4th 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 in the last quarter. Atwood & Palmer Inc. boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% in the 4th quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock valued at $20,007,000 after buying an additional 11,119 shares in the last quarter. Lido Advisors LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% in the 1st quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock valued at $9,219,000 after buying an additional 42,003 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% in the 4th quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock valued at $8,811,000 after buying an additional 7,155 shares in the last quarter.

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.