BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Short Interest Down 36.7% in June

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 235,886 shares, a drop of 36.7% from the May 31st total of 372,810 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 376,639 shares, the days-to-cover ratio is currently 0.6 days.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Price Performance

NYSEARCA:XCCC remained flat at $36.37 during trading hours on Friday. The company’s stock had a trading volume of 38,171 shares, compared to its average volume of 288,608. The business has a 50 day simple moving average of $36.76 and a 200-day simple moving average of $37.16. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 52-week low of $35.86 and a 52-week high of $39.35. The firm has a market cap of $317.51 million, a price-to-earnings ratio of 4.02 and a beta of 0.48.

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

Large investors have recently made changes to their positions in the company. Potomac Fund Management Inc. ADV increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 13.7% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,264,638 shares of the company’s stock worth $48,088,000 after purchasing an additional 152,613 shares in the last quarter. CacheTech Inc. grew its stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 7.3% during the first quarter. CacheTech Inc. now owns 226,306 shares of the company’s stock worth $8,238,000 after buying an additional 15,363 shares during the last quarter. Adams Wealth Management increased its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 4.5% during the fourth quarter. Adams Wealth Management now owns 204,083 shares of the company’s stock worth $7,760,000 after buying an additional 8,736 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $7,544,000. Finally, Sound Income Strategies LLC raised its stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 23.7% in the first quarter. Sound Income Strategies LLC now owns 188,325 shares of the company’s stock valued at $6,797,000 after acquiring an additional 36,123 shares during the last quarter.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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 CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.