BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Short Interest Update

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 6,484 shares, a drop of 52.6% from the February 26th total of 13,677 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 18,229 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the second quarter worth approximately $30,000. Global Retirement Partners LLC increased its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,099 shares of the company’s stock valued at $57,000 after acquiring an additional 588 shares during the period. CWM LLC raised its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 35.9% during the 3rd quarter. CWM LLC now owns 1,946 shares of the company’s stock valued at $102,000 after acquiring an additional 514 shares in the last quarter. Archer Investment Corp boosted its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 21.2% during the 3rd quarter. Archer Investment Corp now owns 2,173 shares of the company’s stock worth $114,000 after acquiring an additional 380 shares during the period. Finally, MML Investors Services LLC acquired a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter worth $365,000.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Performance

Shares of NYSEARCA BBBI traded down $0.34 during trading on Thursday, reaching $51.00. The stock had a trading volume of 30,251 shares, compared to its average volume of 40,451. The stock has a market cap of $130.05 million, a PE ratio of 25.40 and a beta of 0.21. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a one year low of $48.91 and a one year high of $52.74. The firm’s 50 day moving average price is $52.08 and its two-hundred day moving average price is $52.18.

About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

The BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) 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 5-10 years. BBBI was launched on Jan 25, 2024 and is issued by BondBloxx.