Short Interest in EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Decreases By 39.3%

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 90,532 shares, a decline of 39.3% from the April 30th total of 149,052 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 102,228 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBLU. Annex Advisory Services LLC acquired a new position in shares of EA Bridgeway Blue Chip ETF in the fourth quarter valued at $22,026,000. Cetera Investment Advisers increased its holdings in shares of EA Bridgeway Blue Chip ETF by 25.2% in the first quarter. Cetera Investment Advisers now owns 1,496,579 shares of the company’s stock valued at $22,090,000 after purchasing an additional 301,683 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of EA Bridgeway Blue Chip ETF by 62.4% in the second quarter. Raymond James Financial Inc. now owns 698,470 shares of the company’s stock valued at $9,607,000 after purchasing an additional 268,448 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of EA Bridgeway Blue Chip ETF by 105.1% in the first quarter. D.A. Davidson & CO. now owns 499,940 shares of the company’s stock valued at $7,379,000 after purchasing an additional 256,152 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of EA Bridgeway Blue Chip ETF by 866.2% in the fourth quarter. Royal Bank of Canada now owns 166,971 shares of the company’s stock valued at $2,548,000 after purchasing an additional 149,689 shares during the last quarter. 2.80% of the stock is currently owned by institutional investors and hedge funds.

EA Bridgeway Blue Chip ETF Trading Up 0.4%

Shares of EA Bridgeway Blue Chip ETF stock traded up $0.07 during trading on Thursday, hitting $16.89. 20,027 shares of the stock were exchanged, compared to its average volume of 109,387. The stock has a market capitalization of $424.11 million, a price-to-earnings ratio of -51.18 and a beta of 0.89. The company has a fifty day moving average price of $15.78 and a 200-day moving average price of $15.43. EA Bridgeway Blue Chip ETF has a 1-year low of $13.03 and a 1-year high of $16.96.

About EA Bridgeway Blue Chip ETF

The Ea Bridgeway Blue Chip ETF (BBLU) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay. BBLU was launched on Jul 31, 1997 and is managed by Bridgeway.