BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Shares Shorted: Short Interest Down 55.1% in September

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 298 shares, a decrease of 55.1% from the September 15th total of 663 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 73,024 shares, the days-to-cover ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBBI. Atwood & Palmer Inc. boosted its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 1.8% during the 2nd quarter. Atwood & Palmer Inc. now owns 785,064 shares of the company’s stock valued at $40,369,000 after acquiring an additional 14,244 shares during the period. Cetera Investment Advisers increased its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 10.0% during the first quarter. Cetera Investment Advisers now owns 74,493 shares of the company’s stock worth $3,831,000 after purchasing an additional 6,792 shares during the period. Finally, S&A Financial Services Inc. purchased a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the first quarter worth about $235,000.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Down 0.0%

Shares of BBBI traded down $0.01 during midday trading on Tuesday, reaching $48.78. The company had a trading volume of 18,354 shares, compared to its average volume of 29,381. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1-year low of $48.32 and a 1-year high of $52.74. The firm has a 50 day simple moving average of $49.86 and a 200-day simple moving average of $50.77. The stock has a market cap of $134.15 million, a PE ratio of 24.29 and a beta of 0.19.

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.