Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Rises By 272.3%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 264,570 shares, an increase of 272.3% from the January 15th total of 71,070 shares. Based on an average daily volume of 285,675 shares, the short-interest ratio is presently 0.9 days. Currently, 2.7% of the company’s shares are short sold. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 285,675 shares, the short-interest ratio is presently 0.9 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XBB. Municipal Employees Retirement System of Michigan grew its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock worth $303,338,000 after purchasing an additional 1,144,871 shares during the period. MGO One Seven LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% during the fourth quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock worth $8,811,000 after buying an additional 7,155 shares during the period. Sage Rhino Capital LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.7% during the fourth quarter. Sage Rhino Capital LLC now owns 57,637 shares of the company’s stock worth $2,371,000 after buying an additional 954 shares during the period. Atwood & Palmer Inc. increased its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% during the fourth quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock valued at $20,007,000 after acquiring an additional 11,119 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 3.5% in the 4th quarter. CGN Advisors LLC now owns 17,868 shares of the company’s stock valued at $735,000 after acquiring an additional 604 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.1%

NYSEARCA:XBB traded down $0.03 on Wednesday, hitting $41.31. The stock had a trading volume of 2,122 shares, compared to its average volume of 158,465. The stock has a market cap of $406.85 million, a price-to-earnings ratio of 59.99 and a beta of 0.44. The company has a fifty day moving average price of $41.27 and a two-hundred day moving average price of $41.18. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1-year low of $38.23 and a 1-year high of $41.61.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1899 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, February 2nd.

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.