BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Down 84.5% in July

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 7,119 shares, a decrease of 84.5% from the July 15th total of 45,893 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 157,688 shares, the days-to-cover ratio is presently 0.0 days.

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

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter valued at about $181,000. GK Wealth Management LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter valued at approximately $284,000. Envestnet Asset Management Inc. purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at approximately $389,000. MML Investors Services LLC raised its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after acquiring an additional 623 shares in the last quarter. Finally, CGN Advisors LLC lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after acquiring an additional 885 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA XBB traded up $2.34 during mid-day trading on Wednesday, hitting $42.99. The stock had a trading volume of 439 shares, compared to its average volume of 183,824. The business has a 50 day moving average price of $40.78 and a two-hundred day moving average price of $40.91. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $40.18 and a 1 year high of $42.99. The firm has a market cap of $548.12 million, a P/E 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.