BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 11,071 shares, a decrease of 39.6% from the June 30th total of 18,317 shares. Based on an average daily volume of 22,619 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 71.0% during the 4th 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 in the last quarter. Envestnet Asset Management Inc. acquired a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter valued at approximately $203,000. Nottingham Advisors Inc. bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 1st quarter worth approximately $259,000. CWM LLC boosted its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 142.2% during the 4th quarter. CWM LLC now owns 6,488 shares of the company’s stock worth $334,000 after buying an additional 3,809 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 4th quarter worth approximately $414,000.
BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Trading Up 0.1%
Shares of BBBS traded up $0.04 during trading hours on Thursday, hitting $50.80. 23,937 shares of the stock were exchanged, compared to its average volume of 35,977. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a fifty-two week low of $50.59 and a fifty-two week high of $51.83. The business has a 50-day moving average of $50.89 and a 200-day moving average of $51.16.
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.
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