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

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

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XBB traded down $0.03 during mid-day trading on Friday, reaching $40.80. 5,693 shares of the company were exchanged, compared to its average volume of 179,034. The business has a 50 day simple moving average of $40.87 and a two-hundred day simple moving average of $41.01. The stock has a market capitalization 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 52 week low of $40.18 and a 52 week high of $41.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its stake 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 last quarter. Potomac Fund Management Inc. ADV raised its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% during the fourth 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 last quarter. Atwood & Palmer Inc. lifted its holdings 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 during the period. Lido Advisors LLC boosted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% during the first quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock valued at $9,219,000 after acquiring an additional 42,003 shares during the last quarter. Finally, MGO One Seven LLC grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% during the 4th quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock worth $8,811,000 after acquiring an additional 7,155 shares during the period.

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.