BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Up 241.8% in May

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,748 shares, a growth of 241.8% from the May 14th total of 804 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 8,438 shares, the short-interest ratio is presently 0.3 days.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Up 0.5%

Shares of XB traded up $0.18 during trading hours on Thursday, reaching $39.18. 3,833 shares of the company traded hands, compared to its average volume of 12,290. BondBloxx B Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $38.51 and a fifty-two week high of $39.92. The stock has a fifty day simple moving average of $39.16 and a 200 day simple moving average of $39.33.

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

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 83,257 shares of the company’s stock worth $3,243,000 after purchasing an additional 4,242 shares during the period. Strait & Sound Wealth Management LLC grew its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 10.3% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 49,265 shares of the company’s stock worth $1,919,000 after acquiring an additional 4,607 shares in the last quarter. Stratos Investment Management LLC bought a new stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $242,000. Finally, Nemes Rush Group LLC lifted its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% in the 3rd quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock worth $156,000 after purchasing an additional 2,581 shares during the last quarter.

About BondBloxx B Rated USD High Yield Corporate Bond ETF

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.