BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,119 shares, a decrease of 84.5% from the July 15th total of 45,893 shares. Based on an average daily volume of 157,688 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Down 0.2%
Shares of NYSEARCA:XBB traded down $0.09 during midday trading on Friday, hitting $40.73. The stock had a trading volume of 4,974 shares, compared to its average volume of 181,813. The company has a market capitalization of $519.31 million, a PE ratio of 59.99 and a beta of 0.39. The stock has a 50 day moving average price of $40.77 and a two-hundred day moving average price of $40.90. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $40.18 and a 1 year high of $41.61.
Institutional Investors Weigh In On BondBloxx BB Rated USD High Yield Corporate Bond ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at $181,000. GK Wealth Management LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter worth approximately $284,000. Envestnet Asset Management Inc. bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter valued at about $389,000. MML Investors Services LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in 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. Finally, CGN Advisors LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after acquiring an additional 885 shares in the last quarter.
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.
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