Short Interest in BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Declines By 92.3%

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 804 shares, a decrease of 92.3% from the April 30th total of 10,430 shares. Based on an average daily volume of 24,287 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in XB. Cetera Investment Advisers raised its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the fourth quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock valued at $3,119,000 after buying an additional 48,594 shares in the last quarter. Strait & Sound Wealth Management LLC raised its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock valued at $1,763,000 after purchasing an additional 6,609 shares in the last quarter. Stratos Investment Management LLC acquired a new position in 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 position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% during the third quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock valued at $156,000 after purchasing an additional 2,581 shares in the last quarter.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA XB traded up $0.07 during midday trading on Thursday, reaching $39.36. The company’s stock had a trading volume of 5,625 shares, compared to its average volume of 10,326. BondBloxx B Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $38.51 and a fifty-two week high of $39.92. The business’s 50 day moving average price is $39.08 and its two-hundred day moving average price is $39.34.

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.