BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Up 5,424.9% in May

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 127,405 shares, an increase of 5,424.9% from the May 14th total of 2,306 shares. Based on an average trading volume of 555,576 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Lido Advisors LLC raised its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% during the 1st quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock worth $9,219,000 after purchasing an additional 42,003 shares during the last quarter. Cetera Investment Advisers grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% in the 1st quarter. Cetera Investment Advisers now owns 21,953 shares of the company’s stock worth $893,000 after acquiring an additional 260 shares during the period. Kestra Advisory Services LLC grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% in the 1st quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock worth $232,000 after acquiring an additional 1,309 shares during the period. Potomac Fund Management Inc. ADV grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock worth $48,316,000 after acquiring an additional 169,347 shares during the period. Finally, MML Investors Services LLC grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after acquiring an additional 623 shares during the period.

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

XBB stock opened at $40.74 on Thursday. The firm has a 50 day moving average of $40.89 and a 200-day moving average of $41.06. 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 company has a market cap of $448.95 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

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.