EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Sees Large Increase in Short Interest

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 117,072 shares, an increase of 69.6% from the June 30th total of 69,047 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 64,994 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On EA Bridgeway Blue Chip ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of EA Bridgeway Blue Chip ETF by 25.2% during the 1st quarter. Cetera Investment Advisers now owns 1,496,579 shares of the company’s stock worth $22,090,000 after buying an additional 301,683 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of EA Bridgeway Blue Chip ETF in the 4th quarter valued at approximately $22,026,000. Raymond James Financial Inc. boosted its stake in EA Bridgeway Blue Chip ETF by 24.8% during the 3rd quarter. Raymond James Financial Inc. now owns 871,441 shares of the company’s stock worth $13,097,000 after acquiring an additional 172,971 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in EA Bridgeway Blue Chip ETF by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 546,773 shares of the company’s stock worth $8,344,000 after acquiring an additional 11,391 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in EA Bridgeway Blue Chip ETF by 105.1% during 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 period. Institutional investors own 2.80% of the company’s stock.

EA Bridgeway Blue Chip ETF Price Performance

BBLU stock opened at $16.82 on Friday. The company has a 50 day moving average price of $16.63 and a 200 day moving average price of $15.82. EA Bridgeway Blue Chip ETF has a fifty-two week low of $13.80 and a fifty-two week high of $16.98. The stock has a market capitalization of $445.39 million, a PE ratio of -50.97 and a beta of 0.90.

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.