BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Update

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 21,508 shares, an increase of 173.1% from the February 26th total of 7,875 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 35,364 shares, the days-to-cover ratio is currently 0.6 days.

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

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF stock traded up $0.03 during midday trading on Friday, hitting $50.88. 16,248 shares of the company were exchanged, compared to its average volume of 42,830. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a fifty-two week low of $50.02 and a fifty-two week high of $51.83. The company’s fifty day moving average price is $51.45 and its 200-day moving average price is $51.55.

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

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1724 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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

A number of large investors have recently added to or reduced their stakes in BBBS. Gradient Investments LLC increased its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.3% during the 4th quarter. Gradient Investments LLC now owns 932,204 shares of the company’s stock worth $47,990,000 after buying an additional 94,304 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the second quarter valued at about $25,306,000. Orion Porfolio Solutions LLC increased its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% during the fourth quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock worth $8,064,000 after acquiring an additional 3,401 shares during the last quarter. Jane Street Group LLC increased its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 199.3% during the second quarter. Jane Street Group LLC now owns 125,584 shares of the company’s stock worth $6,455,000 after acquiring an additional 83,625 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter worth about $6,442,000.

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.