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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MGO One Seven LLC acquired a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the third quarter valued at $605,000. Atwood & Palmer Inc. lifted its position in 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 valued at $39,137,000 after purchasing an additional 24,248 shares during the period. CWM LLC lifted its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 72.6% during the fourth quarter. CWM LLC now owns 3,359 shares of the company’s stock valued at $175,000 after purchasing an additional 1,413 shares during the period. Archer Investment Corp lifted its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 21.2% during the third quarter. Archer Investment Corp now owns 2,173 shares of the company’s stock valued at $114,000 after purchasing an additional 380 shares during the period. Finally, Cetera Investment Advisers acquired a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter valued at $3,523,000.

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. The firm has a market capitalization of $161.82 million, a P/E ratio of 25.58 and a beta of 0.22. The stock’s 50 day moving average price is $51.74 and its 200 day moving average price is $52.05. 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.

About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

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.