BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Update

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 5,847 shares, a growth of 112.8% from the May 31st total of 2,748 shares. Based on an average daily trading volume, of 34,249 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the stock are sold short.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance

XB traded down $0.13 during midday trading on Wednesday, reaching $39.12. 52,730 shares of the company’s stock were exchanged, compared to its average volume of 12,094. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 1-year low of $38.51 and a 1-year high of $39.92. The business’s 50-day moving average price is $39.19 and its 200 day moving average price is $39.30.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nemes Rush Group LLC boosted its stake in 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 buying an additional 2,581 shares during the last quarter. Stratos Investment Management LLC purchased a new position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the 4th quarter worth about $242,000. Strait & Sound Wealth Management LLC lifted its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock worth $1,763,000 after acquiring an additional 6,609 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the fourth quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock worth $3,119,000 after acquiring an additional 48,594 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.