BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Sees Significant Decline in Short Interest

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 18,761 shares, a decline of 40.8% from the April 15th total of 31,675 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 20,030 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 71.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,251 shares of the company’s stock valued at $116,000 after purchasing an additional 935 shares during the last quarter. Nemes Rush Group LLC bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth about $131,000. CWM LLC grew its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 88.5% during the third quarter. CWM LLC now owns 2,679 shares of the company’s stock worth $139,000 after acquiring 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 in the third quarter worth about $203,000. Finally, Nottingham Advisors Inc. acquired a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter worth about $259,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA BBBS traded down $0.03 during trading on Tuesday, reaching $50.84. 8,129 shares of the stock were exchanged, compared to its average volume of 40,125. The business’s 50-day moving average price is $51.12 and its 200 day moving average price is $51.40. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a twelve month low of $50.77 and a twelve month high of $51.83.

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.