BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Short Interest Down 48.6% in May

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 201,107 shares, a drop of 48.6% from the April 30th total of 391,350 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average daily volume of 202,066 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Strategic Advocates LLC lifted its holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 97.8% during the 4th quarter. Strategic Advocates LLC now owns 886 shares of the company’s stock worth $34,000 after purchasing an additional 438 shares during the last quarter. Bank of America Corp DE acquired a new stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $73,000. Global Retirement Partners LLC lifted its holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 33.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,126 shares of the company’s stock worth $119,000 after purchasing an additional 782 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 309.2% during the 3rd quarter. Ameritas Advisory Services LLC now owns 5,115 shares of the company’s stock worth $201,000 after purchasing an additional 3,865 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 3rd quarter worth approximately $206,000.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XCCC remained flat at $36.69 during mid-day trading on Tuesday. The stock had a trading volume of 103,382 shares, compared to its average volume of 300,442. 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 stock has a market cap of $300.12 million, a PE ratio of 4.02 and a beta of 0.49. The business’s fifty day moving average price is $36.67 and its 200-day moving average price is $37.42.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Company Profile

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.