BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Sees Significant Drop in Short Interest

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 201,107 shares, a decline of 48.6% from the April 30th total of 391,350 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 202,066 shares, the days-to-cover ratio is currently 1.0 days.

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

Several institutional investors have recently made changes to their positions in the stock. Strait & Sound Wealth Management LLC grew its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 14.7% during the first quarter. Strait & Sound Wealth Management LLC now owns 122,674 shares of the company’s stock valued at $4,465,000 after purchasing an additional 15,707 shares during the last quarter. Stadion Money Management LLC grew its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 5.7% during the first quarter. Stadion Money Management LLC now owns 168,172 shares of the company’s stock valued at $6,121,000 after purchasing an additional 9,000 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 145.5% during the first quarter. Cetera Investment Advisers now owns 67,425 shares of the company’s stock valued at $2,454,000 after purchasing an additional 39,962 shares during the last quarter. CacheTech Inc. grew its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 7.3% during the first quarter. CacheTech Inc. now owns 226,306 shares of the company’s stock valued at $8,238,000 after purchasing an additional 15,363 shares during the last quarter. Finally, HBW Advisory Services LLC grew its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 3.0% during the first quarter. HBW Advisory Services LLC now owns 37,533 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,094 shares during the last quarter.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Trading Down 0.9%

BondBloxx CCC Rated USD High Yield Corporate Bond ETF stock traded down $0.34 during midday trading on Monday, hitting $36.69. The stock had a trading volume of 88,209 shares, compared to its average volume of 302,316. The stock has a market cap of $300.12 million, a P/E ratio of 4.02 and a beta of 0.49. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 12 month low of $35.86 and a 12 month high of $39.35. The business has a fifty day moving average price of $36.67 and a 200 day moving average price of $37.43.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Company Profile

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