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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 298 shares, a decline of 55.1% from the September 15th total of 663 shares. Based on an average trading volume of 73,024 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. S&A Financial Services Inc. bought a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the first quarter valued at about $235,000. Cetera Investment Advisers increased its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 10.0% in the first quarter. Cetera Investment Advisers now owns 74,493 shares of the company’s stock worth $3,831,000 after purchasing an additional 6,792 shares during the period. Finally, Atwood & Palmer Inc. raised its holdings in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 1.8% during the 2nd quarter. Atwood & Palmer Inc. now owns 785,064 shares of the company’s stock worth $40,369,000 after purchasing an additional 14,244 shares during the last quarter.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Price Performance

Shares of BBBI stock traded up $0.01 during trading hours on Wednesday, reaching $48.79. 48,846 shares of the company were exchanged, compared to its average volume of 29,491. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a fifty-two week low of $48.32 and a fifty-two week high of $52.74. The stock’s fifty day moving average is $49.82 and its two-hundred day moving average is $50.75. The company has a market cap of $129.29 million, a price-to-earnings ratio of 24.30 and a beta of 0.19.

About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

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.