Short Interest in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Increases By 1,593.1%

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 92,124 shares, a growth of 1,593.1% from the June 15th total of 5,441 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 20,301 shares, the days-to-cover ratio is presently 4.5 days.

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

Several institutional investors have recently modified their holdings of XBB. Municipal Employees Retirement System of Michigan grew its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock valued at $303,338,000 after purchasing an additional 1,144,871 shares during the period. Potomac Fund Management Inc. ADV raised its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock worth $48,316,000 after buying an additional 169,347 shares during the period. Atwood & Palmer Inc. lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% in the second quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock valued at $20,788,000 after buying an additional 7,067 shares in the last quarter. Lido Advisors LLC lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% in the first quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock valued at $9,219,000 after buying an additional 42,003 shares in the last quarter. Finally, MGO One Seven LLC lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% in the fourth quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock valued at $8,811,000 after buying an additional 7,155 shares in the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

XBB stock traded down $0.03 during midday trading on Friday, hitting $40.80. 5,693 shares of the company’s stock were exchanged, compared to its average volume of 179,034. The stock’s fifty day moving average price is $40.87 and its 200-day moving average price is $41.01. The company has a market cap of $523.06 million, a PE ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $40.18 and a one year high of $41.61.

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.