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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,548 shares, a decline of 86.6% from the April 30th total of 11,529 shares. Based on an average daily volume of 12,168 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in BBBI. Thrivent Financial for Lutherans bought 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 bought a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth $3,523,000. Atwood & Palmer Inc. raised its position 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 acquiring an additional 24,248 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth $929,000. Finally, MML Investors Services LLC bought a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth $365,000.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Up 0.2%

BBBI traded up $0.11 during trading on Thursday, hitting $51.54. The company’s stock had a trading volume of 19,838 shares, compared to its average volume of 29,214. The firm’s 50 day moving average price is $51.44 and its two-hundred day moving average price is $51.91. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12 month low of $50.34 and a 12 month high of $52.74. The stock has a market capitalization of $162.35 million, a price-to-earnings ratio of 25.67 and a beta of 0.17.

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.