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 during the month of February. As of February 27th, there was short interest totaling 7,875 shares, an increase of 2,293.6% from the February 12th total of 329 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 21,552 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 21,552 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC raised its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 58.7% during 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 in the last quarter. Nemes Rush Group LLC acquired a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter valued at approximately $131,000. CWM LLC increased its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 88.5% in the third quarter. CWM LLC now owns 2,679 shares of the company’s stock valued at $139,000 after purchasing an additional 1,258 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth approximately $203,000. Finally, Inspire Advisors LLC acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the second quarter worth approximately $386,000.

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

Shares of BBBS stock traded down $0.04 on Tuesday, reaching $51.40. 19,217 shares of the stock were exchanged, compared to its average volume of 47,800. The business’s 50 day moving average price is $51.56 and its 200 day moving average price is $51.59. 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.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1724 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Company Profile

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.