Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Decreases By 95.7%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 5,441 shares, a decrease of 95.7% from the May 31st total of 127,405 shares. Based on an average daily trading volume, of 288,979 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

XBB traded down $0.02 during trading on Friday, hitting $40.94. 5,474 shares of the stock traded hands, compared to its average volume of 181,972. The firm has a market capitalization of $451.16 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 12-month low of $40.18 and a 12-month high of $41.61. The firm has a 50-day moving average of $40.91 and a 200 day moving average of $41.04.

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

A number of institutional investors have recently modified their holdings of the company. Nemes Rush Group LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter worth $181,000. GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at $243,000. Envestnet Asset Management Inc. bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at $389,000. Finally, MML Investors Services LLC increased its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after purchasing an additional 623 shares during the period.

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.