BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Short Interest Up 435.9% in May

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 8,295 shares, a growth of 435.9% from the May 14th total of 1,548 shares. Based on an average trading volume of 12,901 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Several hedge funds have recently made changes to their positions in BBBI. Atwood & Palmer Inc. boosted its holdings 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 valued at $39,137,000 after acquiring an additional 24,248 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter valued at $14,709,000. Cetera Investment Advisers boosted its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 74,493 shares of the company’s stock valued at $3,831,000 after acquiring an additional 6,792 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter valued at $929,000. Finally, MGO One Seven LLC boosted its holdings 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 valued at $645,000 after acquiring an additional 837 shares during the period.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Trading Down 0.1%

NYSEARCA:BBBI traded down $0.06 during trading hours on Wednesday, hitting $51.07. The stock had a trading volume of 51,662 shares, compared to its average volume of 29,559. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1-year low of $50.63 and a 1-year high of $52.74. The business has a 50 day simple moving average of $51.44 and a two-hundred day simple moving average of $51.87. The company has a market cap of $160.87 million, a PE ratio of 25.43 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.