BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Stock Short Interest Rises 145.3%

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 2,622 shares, a growth of 145.3% from the September 30th total of 1,069 shares. Based on an average daily volume of 20,046 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

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

NYSEARCA:BBBS traded up $0.04 during mid-day trading on Friday, reaching $50.20. The stock had a trading volume of 18,686 shares, compared to its average volume of 31,474. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 12 month low of $49.64 and a 12 month high of $51.81. The stock has a 50-day simple moving average of $50.18 and a two-hundred day simple moving average of $50.88.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBBS. Grantvest Financial Group LLC grew its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 1.6% during the 3rd quarter. Grantvest Financial Group LLC now owns 13,170 shares of the company’s stock worth $657,000 after acquiring an additional 205 shares during the period. Partners Wealth Management LLC bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 3rd quarter worth about $311,000. Paladin Wealth LLC boosted its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 19.1% in the second quarter. Paladin Wealth LLC now owns 46,514 shares of the company’s stock worth $2,374,000 after acquiring an additional 7,446 shares in the last quarter. Citadel Advisors LLC raised its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 136.8% during the second quarter. Citadel Advisors LLC now owns 15,582 shares of the company’s stock worth $795,000 after purchasing an additional 9,002 shares during the period. Finally, Argus Investors Counsel Inc. acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 3rd quarter valued at $455,000.

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.