Short Interest in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Increases By 435.9%

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 8,295 shares, an increase of 435.9% from the May 14th total of 1,548 shares. Based on an average trading volume of 12,901 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Down 0.1%

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF stock traded down $0.06 during midday trading on Wednesday, hitting $51.07. The company’s stock had a trading volume of 51,662 shares, compared to its average volume of 29,559. The stock’s 50-day moving average price is $51.44 and its 200-day moving average price is $51.87. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12 month low of $50.63 and a 12 month high of $52.74. The company has a market capitalization of $160.87 million, a PE ratio of 25.43 and a beta of 0.17.

Institutional Investors Weigh In On BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BBBI. Bank of America Corp DE bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the second quarter worth about $30,000. CWM LLC grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 72.6% in the 4th quarter. CWM LLC now owns 3,359 shares of the company’s stock worth $175,000 after acquiring an additional 1,413 shares during the last quarter. Atwood & Palmer Inc. grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 3.3% in the 4th quarter. Atwood & Palmer Inc. now owns 752,065 shares of the company’s stock worth $39,137,000 after acquiring an additional 24,248 shares during the last quarter. Archer Investment Corp grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 9.8% in the 4th quarter. Archer Investment Corp now owns 2,386 shares of the company’s stock worth $124,000 after acquiring an additional 213 shares during the last quarter. Finally, MGO One Seven LLC grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 7.2% in the 4th quarter. MGO One Seven LLC now owns 12,395 shares of the company’s stock worth $645,000 after acquiring an additional 837 shares during the last quarter.

About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

The BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of BBB-rated, USD-denominated corporate bonds maturing between 5-10 years. BBBI was launched on Jan 25, 2024 and is issued by BondBloxx.