Short Interest in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Grows By 86.9%

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 11,529 shares, a growth of 86.9% from the April 15th total of 6,169 shares. Based on an average daily volume of 14,082 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

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

A number of hedge funds have recently bought and sold shares of the business. Atwood & Palmer Inc. grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 3.3% in the fourth quarter. Atwood & Palmer Inc. now owns 752,065 shares of the company’s stock worth $39,137,000 after purchasing an additional 24,248 shares during the last quarter. MGO One Seven LLC purchased a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the third quarter valued at about $605,000. Thrivent Financial for Lutherans purchased a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter valued at about $14,709,000. CWM LLC lifted its position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 35.9% during the third quarter. CWM LLC now owns 1,946 shares of the company’s stock valued at $102,000 after buying an additional 514 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter valued at about $3,523,000.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Price Performance

Shares of BBBI stock traded down $0.15 during mid-day trading on Tuesday, hitting $50.86. The company had a trading volume of 3,639 shares, compared to its average volume of 30,103. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 52-week low of $50.03 and a 52-week high of $52.74. The stock’s 50 day moving average price is $51.52 and its 200-day moving average price is $51.96. The company has a market capitalization of $160.21 million, a P/E ratio of 25.33 and a beta of 0.17.

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.