BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 92,124 shares, a growth of 1,593.1% from the June 15th total of 5,441 shares. Based on an average trading volume of 20,301 shares, the short-interest ratio is presently 4.5 days. Currently, 0.7% of the company’s stock are sold short.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance
Shares of NYSEARCA XBB traded down $0.03 during midday trading on Friday, hitting $40.80. 5,693 shares of the stock traded hands, compared to its average volume of 179,034. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a one year low of $40.18 and a one year high of $41.61. The business has a 50 day moving average price of $40.87 and a two-hundred day moving average price of $41.01. The company has a market cap of $523.06 million, a PE ratio of 59.99 and a beta of 0.39.
Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nemes Rush Group LLC acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter worth $29,000. Kestra Advisory Services LLC bought a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at $181,000. GK Wealth Management LLC acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at about $243,000. Envestnet Asset Management Inc. acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at about $389,000. Finally, MML Investors Services LLC increased its position in shares of 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 in the last quarter.
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. XBB was launched on May 24, 2022 and is managed by BondBloxx.
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