BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Update

by · The Markets Daily

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 71,070 shares, a growth of 154.4% from the December 31st total of 27,933 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,523 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily trading volume, of 19,523 shares, the days-to-cover ratio is presently 3.6 days. Approximately 0.8% of the shares of the stock are sold short.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

NYSEARCA:XBB traded up $0.02 during mid-day trading on Friday, reaching $41.38. The stock had a trading volume of 39,128 shares, compared to its average volume of 152,167. 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 $382.72 million, a PE ratio of 59.99 and a beta of 0.44. The stock has a 50-day simple moving average of $41.28 and a two-hundred day simple moving average of $41.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nemes Rush Group LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter valued at about $51,000. Game Plan Financial Advisors LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter worth about $103,000. GK Wealth Management LLC acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $243,000. Finally, Envestnet Asset Management Inc. bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $389,000.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

(Get Free Report)

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.

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