BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Sees Large Decline in Short Interest

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 1,811 shares, a decrease of 75.3% from the January 15th total of 7,335 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 49,990 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 49,990 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

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

BBBS stock traded down $0.03 during trading on Wednesday, hitting $51.58. 141,681 shares of the company’s stock traded hands, compared to its average volume of 49,476. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 52 week low of $50.02 and a 52 week high of $51.83. The business has a fifty day simple moving average of $51.53 and a 200 day simple moving average of $51.56.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.2025 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BBBS. Global Retirement Partners LLC raised its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 58.7% in the third quarter. Global Retirement Partners LLC now owns 1,316 shares of the company’s stock worth $68,000 after buying an additional 487 shares during the period. Grantvest Financial Group LLC increased its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 3.9% in the third quarter. Grantvest Financial Group LLC now owns 13,076 shares of the company’s stock worth $676,000 after purchasing an additional 488 shares during the period. CWM LLC lifted its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 88.5% during the third quarter. CWM LLC now owns 2,679 shares of the company’s stock worth $139,000 after purchasing an additional 1,258 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 5.4% during the third quarter. Foundations Investment Advisors LLC now owns 29,659 shares of the company’s stock valued at $1,534,000 after purchasing an additional 1,511 shares during the period. Finally, Diversified Portfolios Inc. grew its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 4.2% in the fourth quarter. Diversified Portfolios Inc. now owns 37,502 shares of the company’s stock worth $1,931,000 after purchasing an additional 1,512 shares during the last quarter.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Company Profile

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.