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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 11,529 shares, an increase of 86.9% from the April 15th total of 6,169 shares. Based on an average trading volume of 14,082 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF stock traded down $0.05 during midday trading on Monday, reaching $51.01. The company’s stock had a trading volume of 8,558 shares, compared to its average volume of 30,388. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a fifty-two week low of $50.03 and a fifty-two week high of $52.74. The stock’s 50 day simple moving average is $51.52 and its 200 day simple moving average is $51.96. The firm has a market capitalization of $160.68 million, a PE ratio of 25.40 and a beta of 0.17.

Institutional Investors Weigh In On BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BBBI. Bank of America Corp DE acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the second quarter valued at $30,000. Global Retirement Partners LLC lifted its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% in the fourth 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 during the period. CWM LLC lifted its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 35.9% in the third quarter. CWM LLC now owns 1,946 shares of the company’s stock valued at $102,000 after acquiring an additional 514 shares during the period. Archer Investment Corp lifted its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 21.2% in the third quarter. Archer Investment Corp now owns 2,173 shares of the company’s stock valued at $114,000 after acquiring an additional 380 shares during the period. Finally, MML Investors Services LLC acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the fourth quarter valued at $365,000.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Company Profile

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.