BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Stock Short Interest Declines 91.3%

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,069 shares, a drop of 91.3% from the September 15th total of 12,317 shares. Based on an average trading volume of 14,732 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Price Performance

BBBS traded down $0.02 on Friday, reaching $49.88. The company had a trading volume of 6,132 shares, compared to its average volume of 32,619. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1 year low of $49.64 and a 1 year high of $51.83. The stock has a 50-day moving average price of $50.38 and a 200-day moving average price of $50.76.

Institutional Trading of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

A number of large investors have recently made changes to their positions in BBBS. Argus Investors Counsel Inc. purchased a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth approximately $455,000. Gradient Investments LLC purchased a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 3rd quarter valued at $48,353,000. Citadel Advisors LLC raised its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 136.8% in the 2nd quarter. Citadel Advisors LLC now owns 15,582 shares of the company’s stock valued at $795,000 after purchasing an additional 9,002 shares during the last quarter. Tanager Wealth Management LLP boosted its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 178.7% during the 2nd quarter. Tanager Wealth Management LLP now owns 570,525 shares of the company’s stock worth $29,122,000 after purchasing an additional 365,797 shares during the period. Finally, Paladin Wealth LLC boosted its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 19.1% during the 2nd quarter. Paladin Wealth LLC now owns 46,514 shares of the company’s stock worth $2,374,000 after purchasing an additional 7,446 shares during the period.

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.