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:BBBSGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 21,508 shares, an increase of 173.1% from the February 26th total of 7,875 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 35,364 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 35,364 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC increased its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 24.5% during the first quarter. Jane Street Group LLC now owns 41,959 shares of the company’s stock valued at $2,142,000 after buying an additional 8,266 shares during the period. Flow Traders U.S. LLC purchased a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the second quarter worth $2,106,000. Orion Porfolio Solutions LLC boosted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 75.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 44,312 shares of the company’s stock valued at $2,278,000 after acquiring an additional 19,115 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 2nd quarter valued at $25,306,000. Finally, Gradient Investments LLC increased its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 6.9% in the 3rd quarter. Gradient Investments LLC now owns 837,900 shares of the company’s stock valued at $43,324,000 after acquiring an additional 53,728 shares during the period.

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

Shares of BBBS stock traded up $0.07 on Wednesday, hitting $51.02. The stock had a trading volume of 18,684 shares, compared to its average volume of 43,087. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a one year low of $50.02 and a one year high of $51.83. The business has a 50 day moving average price of $51.48 and a 200 day moving average price of $51.56.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1724 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

About BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

(Get Free Report)

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.

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