BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Update

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,441 shares, a decline of 95.7% from the May 31st total of 127,405 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 288,979 shares, the days-to-cover ratio is currently 0.0 days.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XBB traded up $0.02 during trading hours on Thursday, reaching $40.96. The stock had a trading volume of 9,566 shares, compared to its average volume of 183,444. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12 month low of $40.18 and a 12 month high of $41.61. The stock has a market capitalization of $451.38 million, a PE ratio of 59.99 and a beta of 0.39. The company’s 50-day moving average is $40.91 and its two-hundred day moving average is $41.04.

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

Several large investors have recently bought and sold shares of XBB. Municipal Employees Retirement System of Michigan boosted its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock valued at $303,338,000 after purchasing an additional 1,144,871 shares in the last quarter. Potomac Fund Management Inc. ADV increased its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% in the fourth 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 period. Lido Advisors LLC increased its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% in the first quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock valued at $9,219,000 after buying an additional 42,003 shares during the period. Jane Street Group LLC raised its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% in the 1st quarter. Jane Street Group LLC now owns 31,367 shares of the company’s stock valued at $1,268,000 after buying an additional 17,497 shares during the last quarter. Finally, Atwood & Palmer Inc. boosted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% during the 4th quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock worth $20,007,000 after buying an additional 11,119 shares during the period.

About BondBloxx BB Rated USD High Yield Corporate Bond ETF

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.