Short Interest in BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) Grows By 85.4%

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 372,810 shares, a growth of 85.4% from the May 14th total of 201,107 shares. Based on an average daily volume of 707,326 shares, the short-interest ratio is presently 0.5 days. Approximately 4.6% of the company’s shares are short sold.

Institutional Investors Weigh In On BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Large investors have recently made changes to their positions in the business. Strategic Advocates LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 97.8% in the fourth quarter. Strategic Advocates LLC now owns 886 shares of the company’s stock worth $34,000 after acquiring an additional 438 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the fourth quarter worth $73,000. Global Retirement Partners LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 33.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,126 shares of the company’s stock worth $119,000 after acquiring an additional 782 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 309.2% in the third quarter. Ameritas Advisory Services LLC now owns 5,115 shares of the company’s stock worth $201,000 after acquiring an additional 3,865 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the third quarter worth $206,000.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of XCCC stock opened at $36.80 on Wednesday. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a one year low of $35.86 and a one year high of $39.35. The company has a 50 day moving average price of $36.78 and a 200 day moving average price of $37.30. The firm has a market capitalization of $301.02 million, a price-to-earnings ratio of 4.02 and a beta of 0.48.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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 CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.