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

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 18,761 shares, a drop of 40.8% from the April 15th total of 31,675 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,030 shares, the days-to-cover ratio is currently 0.9 days.

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

Shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF stock traded down $0.03 on Monday, hitting $50.87. 23,773 shares of the company traded hands, compared to its average volume of 40,470. The firm’s 50-day simple moving average is $51.12 and its 200 day simple moving average is $51.40. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 12-month low of $50.77 and a 12-month high of $51.83.

Institutional Trading of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 71.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,251 shares of the company’s stock valued at $116,000 after buying an additional 935 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 3rd quarter valued at $131,000. CWM LLC raised its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 88.5% during the 3rd quarter. CWM LLC now owns 2,679 shares of the company’s stock valued at $139,000 after buying an additional 1,258 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 3rd quarter valued at $203,000. Finally, Nottingham Advisors Inc. purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 1st quarter valued at $259,000.

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.