BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Sees Large Decline in Short Interest

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,427 shares, a decrease of 38.7% from the July 30th total of 13,746 shares. Based on an average daily volume of 18,131 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

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

BBBI opened at $50.09 on Wednesday. The firm’s 50 day simple moving average is $50.82 and its two-hundred day simple moving average is $51.33. The company has a market capitalization of $167.80 million, a PE ratio of 24.94 and a beta of 0.17. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1-year low of $50.07 and a 1-year high of $52.74.

Hedge Funds Weigh In On BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the second quarter valued at $30,000. Global Retirement Partners LLC increased its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,099 shares of the company’s stock worth $57,000 after buying an additional 588 shares in the last quarter. CWM LLC raised its stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 72.6% in the fourth quarter. CWM LLC now owns 3,359 shares of the company’s stock worth $175,000 after buying an additional 1,413 shares during the period. S&A Financial Services Inc. bought a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the first quarter worth about $235,000. Finally, MML Investors Services LLC purchased a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at about $365,000.

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.