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) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 16,800 shares, a drop of 30.9% from the September 30th total of 24,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 110,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 110,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

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

Several institutional investors have recently modified their holdings of the company. Sage Rhino Capital LLC raised its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.6% in the third quarter. Sage Rhino Capital LLC now owns 56,683 shares of the company’s stock valued at $2,344,000 after purchasing an additional 889 shares in the last quarter. MGO One Seven LLC raised its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.8% in the 3rd quarter. MGO One Seven LLC now owns 206,998 shares of the company’s stock valued at $8,558,000 after buying an additional 7,633 shares in the last quarter. Atwood & Palmer Inc. lifted its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.5% during the 3rd quarter. Atwood & Palmer Inc. now owns 475,156 shares of the company’s stock worth $19,645,000 after acquiring an additional 11,386 shares during the period. Lido Advisors LLC boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 114.4% during the 2nd quarter. Lido Advisors LLC now owns 182,574 shares of the company’s stock valued at $7,520,000 after acquiring an additional 97,435 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 4.8% in the second quarter. Cetera Investment Advisers now owns 83,406 shares of the company’s stock valued at $3,435,000 after acquiring an additional 3,784 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XBB traded down $0.45 during mid-day trading on Monday, hitting $40.99. The company’s stock had a trading volume of 266,161 shares, compared to its average volume of 73,334. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $38.23 and a one year high of $41.61. The stock’s 50-day moving average is $41.21 and its two-hundred day moving average is $40.83. The firm has a market capitalization of $419.33 million, a PE ratio of 59.99 and a beta of 0.44.

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.