BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Up 241.8% in May

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,748 shares, an increase of 241.8% from the May 14th total of 804 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 8,438 shares, the short-interest ratio is currently 0.3 days.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Up 0.5%

BondBloxx B Rated USD High Yield Corporate Bond ETF stock traded up $0.18 during midday trading on Thursday, hitting $39.18. 3,833 shares of the company’s stock were exchanged, compared to its average volume of 12,290. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.51 and a 12 month high of $39.92. The firm has a 50-day moving average of $39.16 and a two-hundred day moving average of $39.33.

Hedge Funds Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nemes Rush Group LLC grew its stake in shares of 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 worth $156,000 after purchasing an additional 2,581 shares during the period. Stratos Investment Management LLC acquired a new position in BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at about $242,000. Strait & Sound Wealth Management LLC grew its position in shares of 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 worth $1,763,000 after buying an additional 6,609 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in 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 purchasing an additional 48,594 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.