Short Interest in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Decreases By 86.6%

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

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

Several hedge funds have recently added to or reduced their stakes in BBBI. Thrivent Financial for Lutherans acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at $14,709,000. Cetera Investment Advisers acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at $3,523,000. Atwood & Palmer Inc. lifted its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 3.3% during the 4th 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. Commonwealth Equity Services LLC acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at $929,000. Finally, MML Investors Services LLC acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at $365,000.

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

Shares of NYSEARCA:BBBI traded up $0.07 during midday trading on Friday, hitting $51.62. The stock had a trading volume of 10,163 shares, compared to its average volume of 29,055. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12 month low of $50.34 and a 12 month high of $52.74. The business’s 50-day simple moving average is $51.44 and its 200-day simple moving average is $51.91. The company has a market cap of $162.60 million, a P/E ratio of 25.71 and a beta of 0.17.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Company Profile

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.