BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Stock Short Interest Rises 2,409.0%

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 2,785 shares, an increase of 2,409.0% from the October 15th total of 111 shares. Based on an average daily trading volume, of 20,909 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently modified their holdings of BBBI. Atwood & Palmer Inc. purchased a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the third quarter worth about $39,105,000. Commonwealth Equity Services LLC purchased a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the third quarter worth $3,332,000. DUTCH ASSET Corp bought a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 3rd quarter valued at about $2,250,000. Cetera Investment Advisers raised its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 74,493 shares of the company’s stock worth $3,831,000 after buying 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 in the first quarter worth $235,000.

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

Shares of NYSEARCA BBBI traded down $0.31 during midday trading on Tuesday, reaching $49.21. The stock had a trading volume of 10,670 shares, compared to its average volume of 28,423. The company has a market capitalization of $125.49 million, a price-to-earnings ratio of 24.51 and a beta of 0.18. The stock has a 50-day moving average of $49.27 and a 200-day moving average of $50.88. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12-month low of $48.32 and a 12-month high of $52.74.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Company Profile

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.