BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Update

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 21,508 shares, a growth of 173.1% from the February 26th total of 7,875 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 35,364 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 35,364 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold.

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

BBBS stock traded up $0.07 during trading on Wednesday, reaching $51.02. 18,684 shares of the company traded hands, compared to its average volume of 43,087. The business has a 50 day simple moving average of $51.48 and a 200 day simple moving average of $51.56. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 12 month low of $50.02 and a 12 month high of $51.83.

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

The company 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBBS. Global Retirement Partners LLC lifted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 58.7% during the third quarter. Global Retirement Partners LLC now owns 1,316 shares of the company’s stock valued at $68,000 after acquiring an additional 487 shares during the last quarter. Nemes Rush Group LLC purchased a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter worth $131,000. CWM LLC increased its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 88.5% during the third quarter. CWM LLC now owns 2,679 shares of the company’s stock worth $139,000 after purchasing an additional 1,258 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth $203,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 4th quarter valued at $414,000.

About BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

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.