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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 663 shares, a decrease of 87.5% from the August 31st total of 5,321 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,636 shares, the short-interest ratio is presently 0.0 days.

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

Shares of BBBI traded up $0.08 during trading hours on Friday, reaching $49.08. The stock had a trading volume of 103,601 shares, compared to its average volume of 27,585. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12 month low of $48.93 and a 12 month high of $52.74. The stock has a market capitalization of $159.51 million, a PE ratio of 24.44 and a beta of 0.17. The company’s 50-day moving average is $50.29 and its two-hundred day moving average is $51.00.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Atwood & Palmer Inc. boosted its stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 1.8% during the second quarter. Atwood & Palmer Inc. now owns 785,064 shares of the company’s stock valued at $40,369,000 after purchasing an additional 14,244 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of 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 last quarter. S&A Financial Services Inc. bought a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the first quarter worth about $235,000. Finally, Global Retirement Partners LLC increased its stake in shares of 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 valued at $57,000 after buying an additional 588 shares during the period.

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.