Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Decreases By 84.5%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 7,119 shares, a decrease of 84.5% from the July 15th total of 45,893 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 157,688 shares, the short-interest ratio is currently 0.0 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter worth $181,000. GK Wealth Management LLC acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 2nd quarter valued at $284,000. Envestnet Asset Management Inc. acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at $389,000. MML Investors Services LLC grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after buying an additional 623 shares during the last quarter. Finally, CGN Advisors LLC raised its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the 2nd quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after acquiring an additional 885 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Up 0.3%

NYSEARCA XBB traded up $0.13 during trading on Thursday, hitting $40.82. 30,075 shares of the company traded hands, compared to its average volume of 182,962. 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 business has a fifty day simple moving average of $40.78 and a 200 day simple moving average of $40.91. The company has a market capitalization of $520.46 million, a P/E ratio of 59.99 and a beta of 0.39.

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.