Short Interest in BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Declines By 72.8%

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,176 shares, a decline of 72.8% from the June 30th total of 8,001 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 7,426 shares, the days-to-cover ratio is presently 0.3 days.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance

XB stock traded up $0.08 during trading hours on Tuesday, hitting $38.92. The company’s stock had a trading volume of 954 shares, compared to its average volume of 11,033. The stock has a 50 day moving average price of $39.13 and a two-hundred day moving average price of $39.23. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.51 and a 12 month high of $39.92.

Institutional Investors Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF

A number of large investors have recently bought and sold shares of XB. Stratos Investment Management LLC bought a new position in BondBloxx B Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at about $242,000. Strait & Sound Wealth Management LLC lifted its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock worth $1,763,000 after buying an additional 6,609 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% during the 4th quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock worth $3,119,000 after acquiring an additional 48,594 shares in the last quarter.

About BondBloxx B Rated USD High Yield Corporate Bond ETF

The BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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 B (or its equivalent), based on an average of three main credit rating providers. XB was launched on May 24, 2022 and is managed by BondBloxx.