BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Short Interest Up 435.9% in May

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 8,295 shares, a growth of 435.9% from the May 14th total of 1,548 shares. Based on an average daily volume of 12,901 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

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

NYSEARCA:BBBI traded up $0.33 during midday trading on Thursday, reaching $51.36. 36,598 shares of the company traded hands, compared to its average volume of 29,649. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a twelve month low of $50.70 and a twelve month high of $52.74. The firm has a market capitalization of $161.78 million, a price-to-earnings ratio of 25.58 and a beta of 0.17. The company has a fifty day moving average price of $51.44 and a 200 day moving average price of $51.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Archer Investment Corp boosted its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 9.8% during the 4th quarter. Archer Investment Corp now owns 2,386 shares of the company’s stock valued at $124,000 after purchasing an additional 213 shares during the period. Bank of America Corp DE bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 2nd quarter valued at $30,000. Global Retirement Partners LLC raised its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,099 shares of the company’s stock valued at $57,000 after acquiring an additional 588 shares in the last quarter. MGO One Seven LLC raised its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 7.2% during the 4th quarter. MGO One Seven LLC now owns 12,395 shares of the company’s stock valued at $645,000 after acquiring an additional 837 shares in the last quarter. Finally, CWM LLC raised its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 72.6% during the 4th quarter. CWM LLC now owns 3,359 shares of the company’s stock valued at $175,000 after acquiring an additional 1,413 shares in the last quarter.

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.