BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Stock Short Interest Report for September

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 22,754 shares, a growth of 787.8% from the September 15th total of 2,563 shares. Based on an average daily trading volume, of 9,509 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.2% of the shares of the stock are short sold.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

BondBloxx BB Rated USD High Yield Corporate Bond ETF stock opened at $39.62 on Monday. The company has a fifty day simple moving average of $40.31 and a 200-day simple moving average of $40.65. The firm has a market capitalization of $559.43 million, a price-to-earnings ratio of 59.99 and a beta of 0.40. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 52-week low of $39.11 and a 52-week high of $41.61.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter valued at about $20,683,000. Potomac Fund Management Inc. ADV raised its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock valued at $48,316,000 after acquiring an additional 169,347 shares during the last quarter. Lido Advisors LLC lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% in the 1st quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock worth $9,219,000 after purchasing an additional 42,003 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 56.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,148 shares of the company’s stock worth $867,000 after purchasing an additional 7,640 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 10.1% in the 2nd quarter. IFP Advisors Inc now owns 78,747 shares of the company’s stock worth $3,228,000 after purchasing an additional 7,253 shares in the last quarter.

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.