Short Interest in EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Decreases By 35.6%

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 75,363 shares, a decline of 35.6% from the July 15th total of 117,072 shares. Based on an average daily trading volume, of 61,545 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On EA Bridgeway Blue Chip ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BBLU. Cetera Investment Advisers grew its stake in EA Bridgeway Blue Chip ETF by 25.2% in the first quarter. Cetera Investment Advisers now owns 1,496,579 shares of the company’s stock worth $22,090,000 after purchasing an additional 301,683 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of EA Bridgeway Blue Chip ETF by 62.4% in the 2nd quarter. Raymond James Financial Inc. now owns 698,470 shares of the company’s stock worth $9,607,000 after acquiring an additional 268,448 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of EA Bridgeway Blue Chip ETF by 105.1% in the 1st quarter. D.A. Davidson & CO. now owns 499,940 shares of the company’s stock valued at $7,379,000 after acquiring an additional 256,152 shares during the last quarter. Royal Bank of Canada raised its position in shares of EA Bridgeway Blue Chip ETF by 866.2% during the 4th quarter. Royal Bank of Canada now owns 166,971 shares of the company’s stock valued at $2,548,000 after acquiring an additional 149,689 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in EA Bridgeway Blue Chip ETF by 16.2% during the fourth quarter. Osaic Holdings Inc. now owns 424,955 shares of the company’s stock worth $6,485,000 after purchasing an additional 59,252 shares during the last quarter. 2.80% of the stock is currently owned by hedge funds and other institutional investors.

EA Bridgeway Blue Chip ETF Stock Up 0.7%

Shares of EA Bridgeway Blue Chip ETF stock traded up $0.12 during trading hours on Wednesday, hitting $17.44. 41,599 shares of the company’s stock traded hands, compared to its average volume of 96,066. EA Bridgeway Blue Chip ETF has a twelve month low of $14.08 and a twelve month high of $17.53. The company has a market cap of $461.81 million, a PE ratio of -52.85 and a beta of 0.89. The stock has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $15.99.

About EA Bridgeway Blue Chip ETF

The Ea Bridgeway Blue Chip ETF (BBLU) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay. BBLU was launched on Jul 31, 1997 and is managed by Bridgeway.