BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Update

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 6,296 shares, a growth of 102.8% from the January 29th total of 3,104 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 5,399 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 5,399 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.8% of the shares of the company are short sold.

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

Several institutional investors and hedge funds have recently bought and sold shares of XB. Cetera Investment Advisers grew its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% during the fourth quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock valued at $3,119,000 after purchasing an additional 48,594 shares during the period. Strait & Sound Wealth Management LLC lifted its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock valued at $1,763,000 after buying an additional 6,609 shares in the last quarter. Stratos Investment Management LLC bought a new position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the 4th quarter valued at approximately $242,000. Nemes Rush Group LLC lifted its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% during the third quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock valued at $156,000 after purchasing an additional 2,581 shares in the last quarter. Finally, MGO One Seven LLC lifted its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 4.2% during the third quarter. MGO One Seven LLC now owns 76,918 shares of the company’s stock valued at $3,063,000 after purchasing an additional 3,073 shares in the last quarter.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XB traded down $0.09 during trading hours on Friday, hitting $39.47. The stock had a trading volume of 3,923 shares, compared to its average volume of 2,539. The stock has a fifty day moving average price of $39.59 and a 200 day moving average price of $39.57. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 12 month low of $36.93 and a 12 month high of $39.98.

BondBloxx B Rated USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2329 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

BondBloxx B Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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 B (or its equivalent), based on an average of three main credit rating providers. XB was launched on May 24, 2022 and is managed by BondBloxx.