BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Update

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 18,317 shares, a growth of 217.7% from the June 15th total of 5,765 shares. Based on an average trading volume of 15,478 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are sold short.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Price Performance

BBBS opened at $50.76 on Wednesday. The stock has a fifty day moving average price of $50.94 and a 200 day moving average price of $51.23. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.83.

Hedge Funds Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gradient Investments LLC grew its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.3% in the fourth quarter. Gradient Investments LLC now owns 932,204 shares of the company’s stock worth $47,990,000 after acquiring an additional 94,304 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 4th quarter valued at $15,824,000. Tanager Wealth Management LLP acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 1st quarter valued at $10,471,000. Orion Porfolio Solutions LLC boosted its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock worth $8,064,000 after purchasing an additional 3,401 shares in the last quarter. Finally, Lido Advisors LLC bought a new stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter worth $6,626,000.

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.