BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Sees Large Increase in Short Interest

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 49,226 shares, an increase of 116.3% from the September 30th total of 22,754 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 105,038 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% during the 1st quarter. Cetera Investment Advisers now owns 21,953 shares of the company’s stock worth $893,000 after acquiring an additional 260 shares during the last quarter. CGN Advisors LLC lifted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% during the 2nd quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after purchasing an additional 885 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% in the first quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock worth $232,000 after acquiring an additional 1,309 shares during the last quarter. GK Wealth Management LLC bought a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 2nd quarter worth about $284,000. Finally, Atwood & Palmer Inc. grew its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% during the 2nd quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock worth $20,788,000 after purchasing an additional 7,067 shares in the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

NYSEARCA:XBB remained flat at $39.93 during mid-day trading on Friday. The company had a trading volume of 28,535 shares, compared to its average volume of 197,800. The company has a market cap of $567.01 million, a PE ratio of 59.99 and a beta of 0.40. The company has a fifty day moving average of $40.03 and a 200 day moving average of $40.70. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12-month low of $39.11 and a 12-month high of $41.61.

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.