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) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 24,627 shares, a growth of 311.5% from the May 14th total of 5,985 shares. Based on an average daily trading volume, of 58,438 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the company’s stock are short sold.

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

Shares of NYSEARCA BBBS traded up $0.15 during trading hours on Thursday, hitting $50.98. 11,289 shares of the company’s stock were exchanged, compared to its average volume of 40,789. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1-year low of $50.77 and a 1-year high of $51.83. The company’s 50-day moving average price is $51.06 and its 200-day moving average price is $51.33.

Hedge Funds Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Gradient Investments LLC lifted its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.3% during the 4th quarter. Gradient Investments LLC now owns 932,204 shares of the company’s stock worth $47,990,000 after purchasing an additional 94,304 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 4th quarter worth about $15,824,000. Tanager Wealth Management LLP acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 1st quarter worth about $10,471,000. Orion Porfolio Solutions LLC lifted its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% during the 4th quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock worth $8,064,000 after purchasing an additional 3,401 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 1st quarter worth about $6,626,000.

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.