BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Sees Large Increase in Short Interest

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Grantvest Financial Group LLC grew its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 1.6% during the 3rd quarter. Grantvest Financial Group LLC now owns 13,170 shares of the company’s stock worth $657,000 after buying an additional 205 shares during the period. Partners Wealth Management LLC acquired a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 3rd quarter worth $311,000. Paladin Wealth LLC grew its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 19.1% during the 2nd quarter. Paladin Wealth LLC now owns 46,514 shares of the company’s stock worth $2,374,000 after acquiring an additional 7,446 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 136.8% in the second quarter. Citadel Advisors LLC now owns 15,582 shares of the company’s stock worth $795,000 after purchasing an additional 9,002 shares in the last quarter. Finally, Argus Investors Counsel Inc. bought a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter valued at $455,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Up 0.1%

Shares of BBBS stock traded up $0.04 during trading on Friday, reaching $50.20. The company had a trading volume of 18,686 shares, compared to its average volume of 31,474. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a one year low of $49.64 and a one year high of $51.81. The firm’s 50 day simple moving average is $50.18 and its two-hundred day simple moving average is $50.88.

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.