BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Sees Large Increase in Short Interest

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 721,138 shares, an increase of 2,341.1% from the February 12th total of 29,541 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average daily volume of 168,816 shares, the days-to-cover ratio is presently 4.3 days. Based on an average daily volume of 168,816 shares, the days-to-cover ratio is presently 4.3 days. Approximately 7.3% of the shares of the stock are sold short.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.1%

Shares of XBB traded down $0.04 during midday trading on Tuesday, hitting $40.94. The company’s stock had a trading volume of 16,375 shares, compared to its average volume of 166,419. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $38.23 and a one year high of $41.61. The stock has a market capitalization of $403.26 million, a price-to-earnings ratio of 59.99 and a beta of 0.44. The company’s fifty day simple moving average is $41.28 and its two-hundred day simple moving average is $41.22.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1621 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, March 2nd.

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

A number of hedge funds have recently made changes to their positions in XBB. Jane Street Group LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% in the first quarter. Jane Street Group LLC now owns 31,367 shares of the company’s stock valued at $1,268,000 after purchasing an additional 17,497 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 4.8% in the second quarter. Cetera Investment Advisers now owns 83,406 shares of the company’s stock valued at $3,435,000 after buying an additional 3,784 shares during the period. Lido Advisors LLC increased its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 114.4% in the second quarter. Lido Advisors LLC now owns 182,574 shares of the company’s stock valued at $7,520,000 after buying an additional 97,435 shares during the period. Atwood & Palmer Inc. raised its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.5% in the 3rd quarter. Atwood & Palmer Inc. now owns 475,156 shares of the company’s stock valued at $19,645,000 after buying an additional 11,386 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.8% in the 3rd quarter. MGO One Seven LLC now owns 206,998 shares of the company’s stock valued at $8,558,000 after buying an additional 7,633 shares during 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.