EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Short Interest Up 43.5% in April

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 117,026 shares, an increase of 43.5% from the March 31st total of 81,523 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 86,779 shares, the short-interest ratio is presently 1.3 days.

EA Bridgeway Blue Chip ETF Stock Performance

Shares of NYSEARCA BBLU opened at $15.67 on Tuesday. EA Bridgeway Blue Chip ETF has a 1 year low of $12.19 and a 1 year high of $15.79. The stock has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $15.24. The firm has a market cap of $389.87 million, a P/E ratio of -47.48 and a beta of 0.91.

Institutional Investors Weigh In On EA Bridgeway Blue Chip ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Annex Advisory Services LLC bought a new position in EA Bridgeway Blue Chip ETF in the 4th quarter worth approximately $22,026,000. Cetera Investment Advisers boosted its position in shares of EA Bridgeway Blue Chip ETF by 31.8% in the fourth quarter. Cetera Investment Advisers now owns 1,194,896 shares of the company’s stock valued at $18,234,000 after acquiring an additional 288,146 shares during the period. Raymond James Financial Inc. grew its stake in shares of EA Bridgeway Blue Chip ETF by 62.4% in the second quarter. Raymond James Financial Inc. now owns 698,470 shares of the company’s stock worth $9,607,000 after acquiring an additional 268,448 shares during the last quarter. D.A. Davidson & CO. increased its position in EA Bridgeway Blue Chip ETF by 293.1% during the fourth quarter. D.A. Davidson & CO. now owns 243,788 shares of the company’s stock worth $3,720,000 after acquiring an additional 181,775 shares during the period. Finally, Royal Bank of Canada raised its stake in EA Bridgeway Blue Chip ETF by 866.2% during the 4th quarter. Royal Bank of Canada now owns 166,971 shares of the company’s stock valued at $2,548,000 after purchasing an additional 149,689 shares during the last quarter. 2.80% of the stock is currently owned by institutional investors and hedge funds.

About EA Bridgeway Blue Chip ETF

The Ea Bridgeway Blue Chip ETF (BBLU) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay. BBLU was launched on Jul 31, 1997 and is managed by Bridgeway.