BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB – Get Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,176 shares, a drop of 72.8% from the June 30th total of 8,001 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,426 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF
Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the 4th quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock worth $3,119,000 after purchasing an additional 48,594 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 17.4% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 44,658 shares of the company’s stock valued at $1,763,000 after purchasing an additional 6,609 shares during the last quarter. Finally, Stratos Investment Management LLC bought a new stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF during the 4th quarter worth about $242,000.
BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance
Shares of XB traded down $0.03 during midday trading on Monday, hitting $38.85. The stock had a trading volume of 26,685 shares, compared to its average volume of 11,101. BondBloxx B Rated USD High Yield Corporate Bond ETF has a fifty-two week low of $38.51 and a fifty-two week high of $39.92. The business has a 50-day simple moving average of $39.13 and a two-hundred day simple moving average of $39.24.
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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