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

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. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 58,438 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 71.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,251 shares of the company’s stock worth $116,000 after acquiring an additional 935 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth about $131,000. Envestnet Asset Management Inc. acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth about $203,000. Nottingham Advisors Inc. acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the first quarter worth about $259,000. Finally, CWM LLC increased its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 142.2% during the fourth quarter. CWM LLC now owns 6,488 shares of the company’s stock worth $334,000 after acquiring an additional 3,809 shares during the last quarter.

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

Shares of NYSEARCA:BBBS opened at $50.97 on Friday. The business has a 50-day moving average of $51.06 and a two-hundred day moving average of $51.33. 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.

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.