BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,748 shares, an increase of 241.8% from the May 14th total of 804 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 8,438 shares, the days-to-cover ratio is presently 0.3 days.
BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance
Shares of NYSEARCA:XB traded up $0.01 during trading on Friday, reaching $39.19. 4,437 shares of the company traded hands, compared to its average volume of 12,220. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 52-week low of $38.51 and a 52-week high of $39.92. The business’s fifty day moving average is $39.17 and its 200-day moving average is $39.33.
Hedge Funds Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Strait & Sound Wealth Management LLC raised its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 10.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 49,265 shares of the company’s stock valued at $1,919,000 after acquiring an additional 4,607 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 5.4% during the first quarter. Cetera Investment Advisers now owns 83,257 shares of the company’s stock valued at $3,243,000 after acquiring an additional 4,242 shares in the last quarter. Stratos Investment Management LLC bought a new position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $242,000. Finally, Nemes Rush Group LLC raised its holdings in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% during the third quarter. Nemes Rush Group LLC now owns 3,927 shares of the company’s stock valued at $156,000 after acquiring 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.
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