EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Shares Shorted: Short Interest Down 57.7% in September

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 94,087 shares, a decline of 57.7% from the September 15th total of 222,188 shares. Based on an average daily volume of 107,053 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On EA Bridgeway Blue Chip ETF

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of EA Bridgeway Blue Chip ETF by 14.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 193,212 shares of the company’s stock worth $3,188,000 after purchasing an additional 24,843 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of EA Bridgeway Blue Chip ETF during the second quarter worth $175,000. Ameritas Advisory Services LLC grew its position in shares of EA Bridgeway Blue Chip ETF by 281.3% in the second quarter. Ameritas Advisory Services LLC now owns 221,668 shares of the company’s stock valued at $3,658,000 after purchasing an additional 163,536 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of EA Bridgeway Blue Chip ETF by 6.4% in the second quarter. Concurrent Investment Advisors LLC now owns 133,370 shares of the company’s stock valued at $2,201,000 after purchasing an additional 8,043 shares during the period. Finally, Capital Wealth Management LLC grew its position in shares of EA Bridgeway Blue Chip ETF by 49.6% in the second quarter. Capital Wealth Management LLC now owns 16,190 shares of the company’s stock valued at $267,000 after purchasing an additional 5,365 shares during the period. Institutional investors and hedge funds own 2.80% of the company’s stock.

EA Bridgeway Blue Chip ETF Price Performance

NYSEARCA:BBLU traded up $0.03 on Tuesday, reaching $17.66. The stock had a trading volume of 95,620 shares, compared to its average volume of 95,868. The company has a market cap of $482.65 million, a price-to-earnings ratio of -53.52 and a beta of 0.90. The firm’s fifty day moving average is $17.36 and its two-hundred day moving average is $16.60. EA Bridgeway Blue Chip ETF has a 12-month low of $14.34 and a 12-month high of $17.71.

EA Bridgeway Blue Chip ETF Company Profile

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.