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

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

Institutional Investors Weigh In On BondBloxx BB Rated USD High Yield Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at $29,000. Kestra Advisory Services LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at $181,000. GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at $243,000. Envestnet Asset Management Inc. bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at $389,000. 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 period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA XBB opened at $40.85 on Wednesday. The stock has a market cap of $450.17 million, a PE ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $40.18 and a fifty-two week high of $41.61. The stock has a fifty day moving average of $40.88 and a 200-day moving average of $41.06.

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.