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

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 372,810 shares, a growth of 85.4% from the May 14th total of 201,107 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average trading volume of 707,326 shares, the short-interest ratio is currently 0.5 days.

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

Several hedge funds have recently modified their holdings of XCCC. Strategic Advocates LLC raised its holdings in shares of 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 acquiring an additional 438 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $73,000. Global Retirement Partners LLC raised its holdings in shares of 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 acquiring an additional 782 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 3,865 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 3rd quarter valued at $206,000.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XCCC traded down $0.01 during mid-day trading on Tuesday, hitting $36.80. 58,684 shares of the stock were exchanged, compared to its average volume of 309,248. The company has a market cap of $301.02 million, a PE ratio of 4.02 and a beta of 0.48. 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 firm has a 50-day moving average of $36.76 and a two-hundred day moving average of $37.31.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

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.