BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Update

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 18,761 shares, a decrease of 40.8% from the April 15th total of 31,675 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 20,030 shares, the days-to-cover ratio is presently 0.9 days.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Down 0.2%

Shares of BBBS stock traded down $0.08 on Friday, reaching $50.90. The company had a trading volume of 89,598 shares, compared to its average volume of 40,651. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a one year low of $50.77 and a one year high of $51.83. The business’s 50-day moving average is $51.13 and its 200 day moving average is $51.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC lifted its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.3% in the fourth quarter. Gradient Investments LLC now owns 932,204 shares of the company’s stock worth $47,990,000 after acquiring an additional 94,304 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the fourth quarter worth about $15,824,000. Tanager Wealth Management LLP bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter worth about $10,471,000. Orion Porfolio Solutions LLC increased its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock valued at $8,064,000 after buying an additional 3,401 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter valued at approximately $6,626,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Company Profile

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.