Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Drops By 88.8%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 29,541 shares, a decrease of 88.8% from the January 29th total of 264,570 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 140,890 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 140,890 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock valued at $303,338,000 after purchasing an additional 1,144,871 shares during the period. Potomac Fund Management Inc. ADV grew its position 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 valued at $48,316,000 after buying an additional 169,347 shares during the last quarter. Atwood & Palmer Inc. increased its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% in the 4th quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock valued at $20,007,000 after buying an additional 11,119 shares during the period. MGO One Seven LLC increased its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% in the 4th quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock valued at $8,811,000 after buying an additional 7,155 shares during the period. Finally, Lido Advisors LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 187,589 shares of the company’s stock worth $7,756,000 after buying an additional 5,015 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA:XBB traded up $0.03 during trading on Wednesday, hitting $41.41. 7,325 shares of the company were exchanged, compared to its average volume of 121,963. The firm’s 50 day moving average price is $41.32 and its 200-day moving average price is $41.21. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12-month low of $38.23 and a 12-month high of $41.61. The stock has a market capitalization of $407.89 million, a P/E ratio of 59.99 and a beta of 0.44.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid 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.