BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Short Interest Up 44.9% in December

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 27,933 shares, an increase of 44.9% from the December 15th total of 19,282 shares. Based on an average daily volume of 14,160 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 14,160 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CGN Advisors LLC grew its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% in the 4th quarter. CGN Advisors LLC now owns 17,868 shares of the company’s stock valued at $735,000 after purchasing an additional 604 shares during the period. GK Wealth Management LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter worth $243,000. Lido Advisors LLC boosted its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 187,589 shares of the company’s stock worth $7,756,000 after buying an additional 5,015 shares during the last quarter. Nemes Rush Group LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth about $29,000. Finally, Fullcircle Wealth LLC grew its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 5.1% during the third quarter. Fullcircle Wealth LLC now owns 46,240 shares of the company’s stock valued at $1,887,000 after buying an additional 2,246 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF stock traded up $0.04 during mid-day trading on Friday, hitting $41.42. 24,072 shares of the stock were exchanged, compared to its average volume of 19,888. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.23 and a 12 month high of $41.61. The company has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $41.12. The company has a market capitalization of $411.30 million, a P/E ratio of 59.99 and a beta of 0.44.

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.