BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Sees Large Drop in Short Interest

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 329 shares, a drop of 81.8% from the January 29th total of 1,811 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 54,319 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 54,319 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

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

Shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF stock traded down $0.01 during trading hours on Wednesday, hitting $51.72. The company’s stock had a trading volume of 17,829 shares, compared to its average volume of 50,455. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a twelve month low of $50.02 and a twelve month high of $51.83. The firm has a fifty day moving average of $51.58 and a 200-day moving average of $51.59.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.2025 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Institutional Investors Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 58.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,316 shares of the company’s stock worth $68,000 after acquiring an additional 487 shares during the last quarter. CWM LLC purchased a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the second quarter valued at approximately $73,000. Nemes Rush Group LLC acquired a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth $131,000. Envestnet Asset Management Inc. acquired a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth $203,000. Finally, Inspire Advisors LLC purchased a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the second quarter worth $386,000.

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.