BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Shares Shorted: Short Interest Up 116.3% in October

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 49,226 shares, a growth of 116.3% from the September 30th total of 22,754 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 105,038 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Partners Wealth Management LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $737,000. IFP Advisors Inc lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 13.1% during the third quarter. IFP Advisors Inc now owns 89,088 shares of the company’s stock valued at $3,520,000 after purchasing an additional 10,341 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at approximately $20,683,000. Envestnet Asset Management Inc. lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 56.6% during the second quarter. Envestnet Asset Management Inc. now owns 21,148 shares of the company’s stock valued at $867,000 after purchasing an additional 7,640 shares during the last quarter. Finally, GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter worth approximately $284,000.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF stock remained flat at $39.93 on Friday. 28,535 shares of the stock traded hands, compared to its average volume of 197,800. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a twelve month low of $39.11 and a twelve month high of $41.61. The stock has a market cap of $567.01 million, a P/E ratio of 59.99 and a beta of 0.40. The business has a 50 day simple moving average of $40.03 and a 200-day simple moving average of $40.70.

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.