BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Trading Down 0.1% – Should You Sell?

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB)’s stock price dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $40.52 and last traded at $40.53. Approximately 20,584 shares were traded during mid-day trading, a decline of 90% from the average session volume of 205,457 shares. The stock had previously closed at $40.56.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

The stock has a market cap of $516.76 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. The company has a 50-day simple moving average of $40.73 and a two-hundred day simple moving average of $40.85.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $181,000. GK Wealth Management LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 2nd quarter worth about $284,000. Envestnet Asset Management Inc. bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $389,000. MML Investors Services LLC lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after acquiring an additional 623 shares during the last quarter. Finally, CGN Advisors LLC grew its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock valued at $596,000 after purchasing an additional 885 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.