BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Sees Large Increase in Short Interest

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 11,529 shares, a growth of 86.9% from the April 15th total of 6,169 shares. Based on an average daily volume of 14,082 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Archer Investment Corp boosted its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 9.8% in the fourth quarter. Archer Investment Corp now owns 2,386 shares of the company’s stock worth $124,000 after buying an additional 213 shares in the last quarter. CWM LLC boosted its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 35.9% in the third quarter. CWM LLC now owns 1,946 shares of the company’s stock worth $102,000 after buying an additional 514 shares in the last quarter. Bank of America Corp DE purchased a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the second quarter worth approximately $30,000. Global Retirement Partners LLC boosted its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,099 shares of the company’s stock worth $57,000 after buying an additional 588 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 7.2% in the fourth quarter. MGO One Seven LLC now owns 12,395 shares of the company’s stock worth $645,000 after buying an additional 837 shares in the last quarter.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Trading Down 0.5%

Shares of NYSEARCA BBBI traded down $0.28 during midday trading on Friday, hitting $51.06. 4,567 shares of the company’s stock were exchanged, compared to its average volume of 30,623. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12-month low of $50.03 and a 12-month high of $52.74. The company has a market cap of $160.84 million, a price-to-earnings ratio of 25.43 and a beta of 0.17. The business’s fifty day moving average price is $51.54 and its two-hundred day moving average price is $51.97.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Company Profile

The BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) 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 5-10 years. BBBI was launched on Jan 25, 2024 and is issued by BondBloxx.