BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Sees Significant Decrease in Short Interest
by Scott Moore · The Cerbat GemBondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 9,668 shares, a decrease of 86.4% from the March 15th total of 71,289 shares. Based on an average daily volume of 37,171 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at $389,000. Jane Street Group LLC lifted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% during the 1st quarter. Jane Street Group LLC now owns 31,367 shares of the company’s stock valued at $1,268,000 after acquiring an additional 17,497 shares during the period. MML Investors Services LLC lifted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after acquiring an additional 623 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter valued at $181,000. Finally, Potomac Fund Management Inc. ADV lifted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock valued at $48,316,000 after acquiring an additional 169,347 shares during the period.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.3%
Shares of XBB stock traded down $0.11 during trading on Friday, reaching $40.94. 2,660 shares of the company’s stock were exchanged, compared to its average volume of 155,241. The stock has a market capitalization of $405.31 million, a PE ratio of 59.99 and a beta of 0.43. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a twelve month low of $39.06 and a twelve month high of $41.61. The firm’s fifty day moving average price is $40.98 and its 200-day moving average price is $41.13.
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.