BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) Sees Significant Growth in Short Interest

BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,920 shares, a growth of 318.9% from the September 15th total of 697 shares. Based on an average daily volume of 1,085 shares, the short-interest ratio is presently 2.7 days. Currently, 1.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in BondBloxx BBB Rated 10+ Year Corporate Bond ETF stock. Markowski Investments acquired a new stake in BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,048 shares of the company’s stock, valued at approximately $50,000. Markowski Investments owned 0.70% of BondBloxx BBB Rated 10+ Year Corporate Bond ETF as of its most recent SEC filing.

BondBloxx BBB Rated 10+ Year Corporate Bond ETF Stock Performance

Shares of NYSEARCA BBBL traded up $0.05 during midday trading on Monday, reaching $43.90. 3,424 shares of the stock were exchanged, compared to its average volume of 880. The stock has a 50 day moving average price of $45.35 and a 200-day moving average price of $46.74. BondBloxx BBB Rated 10+ Year Corporate Bond ETF has a 52-week low of $43.42 and a 52-week high of $50.54.

About BondBloxx BBB Rated 10+ Year Corporate Bond ETF

The BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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 with at least 10 years remaining in maturity. BBBL was launched on Jan 25, 2024 and is issued by BondBloxx.