Short Interest in BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Expands By 112.8%

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 5,847 shares, an increase of 112.8% from the May 31st total of 2,748 shares. Based on an average daily trading volume, of 34,249 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the shares of the stock are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF by 159.7% in the fourth quarter. Cetera Investment Advisers now owns 79,015 shares of the company’s stock valued at $3,119,000 after buying an additional 48,594 shares during the last quarter. Strait & Sound Wealth Management LLC grew its stake in 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 worth $1,763,000 after acquiring an additional 6,609 shares during the period. Stratos Investment Management LLC purchased a new stake in BondBloxx B Rated USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $242,000. Finally, Nemes Rush Group LLC raised its holdings in BondBloxx B Rated USD High Yield Corporate Bond ETF by 191.8% in the 3rd 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 during the last quarter.

BondBloxx B Rated USD High Yield Corporate Bond ETF Trading Down 0.4%

Shares of NYSEARCA:XB opened at $39.11 on Thursday. The business’s fifty day moving average price is $39.19 and its two-hundred day moving average price is $39.30. BondBloxx B Rated USD High Yield Corporate Bond ETF has a one year low of $38.51 and a one year high of $39.92.

About BondBloxx B Rated USD High Yield Corporate Bond ETF

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.