BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Sees Large Decline in Short Interest

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 804 shares, a decrease of 92.3% from the April 30th total of 10,430 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 24,287 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC boosted its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% in the 3rd quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock worth $156,000 after purchasing an additional 2,581 shares during the period. Stratos Investment Management LLC acquired a new position in BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter worth $242,000. Strait & Sound Wealth Management LLC boosted its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock worth $1,763,000 after purchasing an additional 6,609 shares during the period. Finally, Cetera Investment Advisers boosted its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the 4th quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock worth $3,119,000 after purchasing an additional 48,594 shares during the period.

BondBloxx B Rated USD High Yield Corporate Bond ETF Price Performance

NYSEARCA XB traded up $0.03 on Wednesday, reaching $39.29. The company had a trading volume of 1,530 shares, compared to its average volume of 10,379. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 1-year low of $38.51 and a 1-year high of $39.92. The company’s fifty day moving average is $39.07 and its 200-day moving average is $39.34.

BondBloxx B Rated USD High Yield Corporate Bond ETF Company Profile

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.