BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 90.1% in March

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 71,289 shares, a drop of 90.1% from the February 26th total of 721,138 shares. Based on an average daily trading volume, of 182,795 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the company are sold short.

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

Hedge funds have recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the fourth quarter worth approximately $181,000. GK Wealth Management LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $243,000. Envestnet Asset Management Inc. bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at approximately $389,000. Finally, MML Investors Services LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after acquiring an additional 623 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Down 0.5%

XBB traded down $0.22 during trading on Thursday, hitting $40.36. The stock had a trading volume of 4,504 shares, compared to its average volume of 141,140. The firm has a market cap of $397.55 million, a PE ratio of 59.99 and a beta of 0.44. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.23 and a 12 month high of $41.61. The company has a 50 day simple moving average of $41.13 and a 200-day simple moving average of $41.18.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

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

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.