BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) Sees Significant Growth in Short Interest

BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 3,538 shares, a growth of 34.7% from the January 29th total of 2,627 shares. Based on an average daily trading volume, of 286 shares, the days-to-cover ratio is currently 12.4 days. Approximately 3.5% of the shares of the company are sold short. Approximately 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 286 shares, the days-to-cover ratio is currently 12.4 days.

BondBloxx BBB Rated 10+ Year Corporate Bond ETF Stock Down 1.1%

BBBL stock traded down $0.54 during midday trading on Monday, reaching $48.66. The company had a trading volume of 320 shares, compared to its average volume of 328. The stock has a 50 day moving average price of $48.80 and a 200-day moving average price of $49.04. BondBloxx BBB Rated 10+ Year Corporate Bond ETF has a 1-year low of $45.20 and a 1-year high of $50.54.

BondBloxx BBB Rated 10+ Year Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be given a $0.209 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, March 2nd.

Hedge Funds Weigh In On BondBloxx BBB Rated 10+ Year Corporate Bond ETF

A hedge fund recently bought a new stake in BondBloxx BBB Rated 10+ Year Corporate Bond ETF stock. AE Wealth Management LLC purchased a new position in shares of BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 861 shares of the company’s stock, valued at approximately $43,000. AE Wealth Management LLC owned about 0.86% of BondBloxx BBB Rated 10+ Year Corporate Bond ETF as of its most recent filing with the SEC.

About BondBloxx BBB Rated 10+ Year Corporate Bond ETF

The BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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 with at least 10 years remaining in maturity. BBBL was launched on Jan 25, 2024 and is issued by BondBloxx.