BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Stock Short Interest Rises 145.3%

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,622 shares, a growth of 145.3% from the September 30th total of 1,069 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 20,046 shares, the days-to-cover ratio is currently 0.1 days.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Performance

BBBS stock traded up $0.08 during midday trading on Friday, reaching $50.24. The company’s stock had a trading volume of 33,052 shares, compared to its average volume of 31,545. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1 year low of $49.64 and a 1 year high of $51.81. The stock has a fifty day simple moving average of $50.17 and a two-hundred day simple moving average of $50.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BBBS. Partners Wealth Management LLC purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 3rd quarter valued at $311,000. Argus Investors Counsel Inc. purchased a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the first quarter worth $466,000. Grantvest Financial Group LLC lifted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 1.6% during the third quarter. Grantvest Financial Group LLC now owns 13,170 shares of the company’s stock valued at $657,000 after purchasing an additional 205 shares during the period. Citadel Advisors LLC lifted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 136.8% during the second quarter. Citadel Advisors LLC now owns 15,582 shares of the company’s stock valued at $795,000 after purchasing an additional 9,002 shares during the period. Finally, Paladin Wealth LLC lifted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 19.1% during the second quarter. Paladin Wealth LLC now owns 46,514 shares of the company’s stock valued at $2,374,000 after purchasing an additional 7,446 shares during the period.

About BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

The BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) 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 1-5 years. BBBS was launched on Jan 25, 2024 and is issued by BondBloxx.