BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 83.6% in May

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 2,306 shares, a drop of 83.6% from the April 30th total of 14,027 shares. Based on an average trading volume of 162,364 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC raised its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% in the 1st quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock valued at $9,219,000 after acquiring an additional 42,003 shares in the last quarter. Cetera Investment Advisers grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% in the 1st quarter. Cetera Investment Advisers now owns 21,953 shares of the company’s stock valued at $893,000 after buying an additional 260 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% in the 1st quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock valued at $232,000 after buying an additional 1,309 shares during the last quarter. Potomac Fund Management Inc. ADV grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock valued at $48,316,000 after buying an additional 169,347 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings 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.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XBB stock opened at $40.91 on Thursday. The stock’s 50 day simple moving average is $40.82 and its 200 day simple moving average is $41.07. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a twelve month low of $40.18 and a twelve month high of $41.61. The company has a market capitalization of $450.83 million, a price-to-earnings ratio of 59.99 and a beta of 0.40.

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.