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 target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 45,893 shares, a drop of 50.2% from the June 30th total of 92,124 shares. Based on an average trading volume of 238,178 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the fourth quarter worth about $181,000. GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $284,000. Envestnet Asset Management Inc. acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $389,000. MML Investors Services LLC raised its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after acquiring an additional 623 shares during the last quarter. Finally, CGN Advisors LLC raised its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% during the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock valued at $596,000 after acquiring an additional 885 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Up 0.3%

NYSEARCA XBB traded up $0.14 during midday trading on Thursday, hitting $40.64. The company had a trading volume of 6,113 shares, compared to its average volume of 182,609. The company has a market capitalization of $532.38 million, a PE ratio of 59.99 and a beta of 0.39. The firm has a 50-day moving average price of $40.83 and a 200-day moving average price of $40.96. 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.

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.