BondBloxx CCC Rated USD High Yield Corporate Bond ETF $XCCC is Potomac Fund Management Inc. ADV’s 6th Largest Position

Potomac Fund Management Inc. ADV boosted its stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,264,638 shares of the company’s stock after buying an additional 152,613 shares during the period. BondBloxx CCC Rated USD High Yield Corporate Bond ETF accounts for about 1.8% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 6th biggest holding. Potomac Fund Management Inc. ADV owned approximately 14.88% of BondBloxx CCC Rated USD High Yield Corporate Bond ETF worth $48,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Strategic Advocates LLC lifted its holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 97.8% during the fourth quarter. Strategic Advocates LLC now owns 886 shares of the company’s stock worth $34,000 after buying an additional 438 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 2.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 28,556 shares of the company’s stock worth $1,086,000 after purchasing an additional 672 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 33.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,126 shares of the company’s stock worth $119,000 after purchasing an additional 782 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 15.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 7,464 shares of the company’s stock worth $284,000 after purchasing an additional 996 shares in the last quarter. Finally, Swan Global Investments LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 22.6% during the fourth quarter. Swan Global Investments LLC now owns 7,550 shares of the company’s stock worth $287,000 after purchasing an additional 1,394 shares in the last quarter.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XCCC stock opened at $36.74 on Monday. The business’s fifty day simple moving average is $36.75 and its 200-day simple moving average is $37.33. The company has a market cap of $300.53 million, a PE ratio of 4.02 and a beta of 0.48. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 12-month low of $35.86 and a 12-month high of $39.35.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

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