Short Interest in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Drops By 76.5%

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,527 shares, a decrease of 76.5% from the August 15th total of 19,240 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 30,901 shares, the days-to-cover ratio is currently 0.1 days.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Down 0.1%

Shares of BBBS stock traded down $0.05 during mid-day trading on Friday, reaching $50.17. 12,768 shares of the company were exchanged, compared to its average volume of 34,077. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a fifty-two week low of $50.17 and a fifty-two week high of $51.83. The business’s 50 day simple moving average is $50.70 and its 200 day simple moving average is $50.96.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBBS. Tanager Wealth Management LLP raised its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 178.7% in the 2nd quarter. Tanager Wealth Management LLP now owns 570,525 shares of the company’s stock valued at $29,122,000 after purchasing an additional 365,797 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the fourth quarter worth about $15,824,000. Orion Porfolio Solutions LLC grew its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock worth $8,064,000 after purchasing an additional 3,401 shares in the last quarter. Lido Advisors LLC acquired a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter worth about $6,626,000. Finally, Jane Street Group LLC increased its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 199.3% in the second quarter. Jane Street Group LLC now owns 125,584 shares of the company’s stock valued at $6,455,000 after buying an additional 83,625 shares during the last quarter.

About BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

The BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) 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 1-5 years. BBBS was launched on Jan 25, 2024 and is issued by BondBloxx.