BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Sees Strong Trading Volume – Here’s What Happened

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) shares saw strong trading volume on Wednesday . 1,111,457 shares changed hands during mid-day trading, an increase of 534% from the previous session’s volume of 175,260 shares.The stock last traded at $40.86 and had previously closed at $40.81.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $40.86 and a 200 day simple moving average of $41.01. The company has a market capitalization of $528.32 million, a PE ratio of 59.99 and a beta of 0.39.

Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its stake in 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 grew its holdings in shares of 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 in the last quarter. Atwood & Palmer Inc. grew its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% during the second quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock worth $20,788,000 after buying an additional 7,067 shares in the last quarter. Lido Advisors LLC raised its position in shares of 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 during the last quarter. Finally, MGO One Seven LLC raised its position in shares of 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 during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

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.