BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Sees Significant Drop in Short Interest

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,548 shares, a decrease of 86.6% from the April 30th total of 11,529 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 12,168 shares, the days-to-cover ratio is currently 0.1 days.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Up 0.2%

NYSEARCA BBBI traded up $0.11 on Thursday, reaching $51.54. The company had a trading volume of 19,838 shares, compared to its average volume of 29,214. The stock’s 50 day moving average is $51.44 and its 200-day moving average is $51.91. The stock has a market cap of $162.35 million, a price-to-earnings ratio of 25.67 and a beta of 0.17. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 52 week low of $50.34 and a 52 week high of $52.74.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. increased its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 3.3% in the fourth quarter. Atwood & Palmer Inc. now owns 752,065 shares of the company’s stock valued at $39,137,000 after purchasing an additional 24,248 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the fourth quarter valued at about $14,709,000. Archer Investment Corp grew its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 21.2% in the third quarter. Archer Investment Corp now owns 2,173 shares of the company’s stock valued at $114,000 after acquiring an additional 380 shares during the period. Cetera Investment Advisers grew its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 74,493 shares of the company’s stock valued at $3,831,000 after acquiring an additional 6,792 shares during the period. Finally, MML Investors Services LLC acquired a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the fourth quarter valued at about $365,000.

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.