BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Up 2,293.6% in February

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 7,875 shares, a growth of 2,293.6% from the February 12th total of 329 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 21,552 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 21,552 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 24.5% during the 1st quarter. Jane Street Group LLC now owns 41,959 shares of the company’s stock worth $2,142,000 after purchasing an additional 8,266 shares during the last quarter. Foundations Investment Advisors LLC raised its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 7.6% during the second quarter. Foundations Investment Advisors LLC now owns 28,148 shares of the company’s stock worth $1,447,000 after acquiring an additional 1,976 shares in the last quarter. Cetera Investment Advisers raised its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 7.1% during the second quarter. Cetera Investment Advisers now owns 110,684 shares of the company’s stock worth $5,689,000 after acquiring an additional 7,300 shares in the last quarter. Inspire Advisors LLC acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the second quarter valued at $386,000. Finally, Diversified Portfolios Inc. grew its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 36.5% in the 2nd quarter. Diversified Portfolios Inc. now owns 31,191 shares of the company’s stock valued at $1,603,000 after acquiring an additional 8,348 shares during the period.

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

Shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF stock opened at $51.40 on Wednesday. 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’s 50 day simple moving average is $51.56 and its 200 day simple moving average is $51.59.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1724 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.