Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Rises By 272.3%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 264,570 shares, an increase of 272.3% from the January 15th total of 71,070 shares. Based on an average daily volume of 285,675 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.7% of the company’s stock are sold short. Approximately 2.7% of the company’s stock are sold short. Based on an average daily volume of 285,675 shares, the days-to-cover ratio is currently 0.9 days.

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

Large investors have recently bought and sold shares of the business. Nemes Rush Group LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter worth about $29,000. GK Wealth Management LLC acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter worth about $243,000. Envestnet Asset Management Inc. purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter worth approximately $389,000. CGN Advisors LLC lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% during the fourth quarter. CGN Advisors LLC now owns 17,868 shares of the company’s stock worth $735,000 after purchasing an additional 604 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings 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 in the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XBB traded down $0.03 during midday trading on Wednesday, hitting $41.31. The company had a trading volume of 2,122 shares, compared to its average volume of 158,465. The company’s 50-day simple moving average is $41.27 and its 200-day simple moving average is $41.18. The firm has a market capitalization of $406.85 million, a P/E ratio of 59.99 and a beta of 0.44. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $38.23 and a 1 year high of $41.61.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1899 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, February 2nd.

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.