BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Sees Significant Drop in Short Interest

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the recipient of a significant drop in short interest during 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. Based on an average trading volume of 376,639 shares, the short-interest ratio is currently 0.6 days. Currently, 2.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XCCC. Strategic Advocates LLC grew its stake 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 buying an additional 438 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at $73,000. Global Retirement Partners LLC boosted its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 33.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,126 shares of the company’s stock valued at $119,000 after acquiring an additional 782 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the third quarter valued at $206,000. Finally, Dynamic Advisor Solutions LLC grew its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 15.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 7,464 shares of the company’s stock worth $284,000 after acquiring an additional 996 shares during the last quarter.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Up 0.2%

XCCC stock traded up $0.08 during midday trading on Thursday, reaching $36.38. The company had a trading volume of 21,048 shares, compared to its average volume of 288,464. The firm has a market capitalization of $317.60 million, a PE ratio of 4.02 and a beta of 0.48. The stock has a 50 day moving average price of $36.77 and a 200 day moving average price of $37.18. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $35.86 and a fifty-two week high of $39.35.

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.