BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Update

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 45,893 shares, a decrease of 50.2% from the June 30th total of 92,124 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 238,178 shares, the days-to-cover ratio is currently 0.2 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan lifted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% in 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 purchasing an additional 1,144,871 shares in the last quarter. Potomac Fund Management Inc. ADV grew its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% during the fourth quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock worth $48,316,000 after buying an additional 169,347 shares in the last quarter. Atwood & Palmer Inc. raised its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% in the second quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock valued at $20,788,000 after buying an additional 7,067 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% during the first 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 during the period. Finally, MGO One Seven LLC lifted its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% during the fourth 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 during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

XBB stock traded down $0.03 on Wednesday, reaching $40.50. The company had a trading volume of 15,685 shares, compared to its average volume of 183,858. The company’s fifty day moving average is $40.83 and its 200 day moving average is $40.96. The company has a market cap of $530.55 million, a P/E ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $40.18 and a 1 year high of $41.61.

About BondBloxx BB Rated USD High Yield Corporate Bond ETF

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.