Short Interest in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Declines By 76.6%

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 5,765 shares, a drop of 76.6% from the May 31st total of 24,627 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 24,109 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in BBBS. Global Retirement Partners LLC raised its position 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 worth $116,000 after acquiring an additional 935 shares in the last quarter. Nemes Rush Group LLC bought a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter worth $131,000. Envestnet Asset Management Inc. bought a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 3rd quarter worth about $203,000. Nottingham Advisors Inc. acquired a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter valued at approximately $259,000. Finally, CWM LLC grew its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 142.2% in the fourth quarter. CWM LLC now owns 6,488 shares of the company’s stock valued at $334,000 after purchasing an additional 3,809 shares during the last quarter.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Up 0.1%

NYSEARCA:BBBS opened at $51.08 on Friday. 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. The stock’s 50 day moving average price is $51.03 and its two-hundred day moving average price is $51.28.

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.