BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Shares Shorted: Short Interest Down 48.2% in September

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 16,622 shares, a decrease of 48.2% from the September 15th total of 32,072 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 4,096 shares, the days-to-cover ratio is currently 4.1 days.

BondBloxx B Rated USD High Yield Corporate Bond ETF Price Performance

NYSEARCA XB traded up $0.16 on Thursday, reaching $37.93. 5,045 shares of the stock were exchanged, compared to its average volume of 10,088. BondBloxx B Rated USD High Yield Corporate Bond ETF has a one year low of $37.68 and a one year high of $39.84. The company’s 50-day simple moving average is $38.68 and its two-hundred day simple moving average is $38.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XB. Cetera Investment Advisers grew its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 5.4% during the first quarter. Cetera Investment Advisers now owns 83,257 shares of the company’s stock valued at $3,243,000 after purchasing an additional 4,242 shares in the last quarter. Strait & Sound Wealth Management LLC lifted its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 10.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 49,265 shares of the company’s stock worth $1,919,000 after buying an additional 4,607 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 21.2% in the second quarter. Envestnet Asset Management Inc. now owns 34,854 shares of the company’s stock worth $1,368,000 after buying an additional 6,101 shares in the last quarter.

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.