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) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,140 shares, a decline of 26.5% from the March 15th total of 2,910 shares. Based on an average daily volume of 4,608 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

BondBloxx B Rated USD High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA XB traded up $0.25 during mid-day trading on Friday, reaching $39.54. The company’s stock had a trading volume of 1,040 shares, compared to its average volume of 9,369. The stock has a 50-day moving average of $39.16 and a two-hundred day moving average of $39.41. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 1-year low of $38.25 and a 1-year high of $39.92.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XB. Cetera Investment Advisers lifted its holdings in shares of 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 acquiring an additional 48,594 shares during the last quarter. MGO One Seven LLC raised its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 4.2% in the third quarter. MGO One Seven LLC now owns 76,918 shares of the company’s stock valued at $3,063,000 after purchasing an additional 3,073 shares during the period. Strait & Sound Wealth Management LLC lifted its stake in BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% during the fourth 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 in the last quarter. Stratos Investment Management LLC purchased a new position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the fourth quarter worth $242,000. Finally, Nemes Rush Group LLC grew its stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% in the third quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock valued at $156,000 after buying an additional 2,581 shares in the last quarter.

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.