BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Sees Significant Decline in Short Interest

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 6,169 shares, a decline of 14.0% from the March 31st total of 7,177 shares. Based on an average daily trading volume, of 14,772 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Trading Down 0.3%

Shares of NYSEARCA:BBBI traded down $0.17 on Friday, hitting $51.37. 1,013 shares of the company were exchanged, compared to its average volume of 32,718. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1-year low of $50.03 and a 1-year high of $52.74. The stock’s 50 day moving average price is $51.74 and its 200 day moving average price is $52.05. The firm has a market capitalization of $161.82 million, a P/E ratio of 25.58 and a beta of 0.22.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Atwood & Palmer Inc. lifted its stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 3.3% during the fourth quarter. Atwood & Palmer Inc. now owns 752,065 shares of the company’s stock worth $39,137,000 after buying an additional 24,248 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth $14,709,000. Cetera Investment Advisers acquired a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth $3,523,000. Commonwealth Equity Services LLC acquired a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth $929,000. Finally, MGO One Seven LLC lifted its stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 7.2% during the fourth quarter. MGO One Seven LLC now owns 12,395 shares of the company’s stock worth $645,000 after buying an additional 837 shares during the period.

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.