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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,427 shares, a decrease of 38.7% from the July 30th total of 13,746 shares. Based on an average trading volume of 18,131 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF stock traded down $0.42 during mid-day trading on Tuesday, hitting $50.07. 11,784 shares of the company’s stock traded hands, compared to its average volume of 25,406. The firm has a 50 day simple moving average of $50.84 and a two-hundred day simple moving average of $51.35. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a fifty-two week low of $50.07 and a fifty-two week high of $52.74. The stock has a market cap of $167.73 million, a price-to-earnings ratio of 24.93 and a beta of 0.17.

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

Several large investors have recently modified their holdings of the stock. Atwood & Palmer Inc. boosted its holdings 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 worth $40,369,000 after acquiring an additional 14,244 shares during the period. S&A Financial Services Inc. acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 1st quarter worth approximately $235,000. Cetera Investment Advisers lifted its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 10.0% during the 1st 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. MML Investors Services LLC bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the 4th quarter valued at $365,000. Finally, Commonwealth Equity Services LLC bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the 4th quarter valued at $929,000.

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.