BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Sees Large Decrease in Short Interest

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 3,124 shares, a decline of 54.7% from the December 31st total of 6,898 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XB. MGO One Seven LLC increased its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 4.2% in the 3rd quarter. MGO One Seven LLC now owns 76,918 shares of the company’s stock worth $3,063,000 after buying an additional 3,073 shares in the last quarter. Strait & Sound Wealth Management LLC boosted its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 12.0% during the 3rd quarter. Strait & Sound Wealth Management LLC now owns 38,049 shares of the company’s stock valued at $1,515,000 after acquiring an additional 4,080 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 1.0% during the second quarter. Cetera Investment Advisers now owns 29,318 shares of the company’s stock valued at $1,165,000 after purchasing an additional 279 shares during the last quarter. Stratos Investment Management LLC purchased a new position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $242,000. Finally, Nemes Rush Group LLC raised its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% during the 3rd quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock valued at $156,000 after buying an additional 2,581 shares during the last quarter.

BondBloxx B Rated USD High Yield Corporate Bond ETF Trading Down 0.0%

Shares of NYSEARCA XB traded down $0.02 during midday trading on Friday, hitting $39.69. The stock had a trading volume of 1,349 shares, compared to its average volume of 1,800. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 52 week low of $36.93 and a 52 week high of $40.01. The business’s 50 day moving average is $39.59 and its 200-day moving average is $39.57.

About BondBloxx B Rated USD High Yield Corporate Bond ETF

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.