Short Interest in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Declines By 86.6%

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 1,548 shares, a drop of 86.6% from the April 30th total of 11,529 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 12,168 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Archer Investment Corp increased its position in shares of 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 valued at $124,000 after buying an additional 213 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the second quarter valued at approximately $30,000. Global Retirement Partners LLC increased its position in shares of 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 valued at $57,000 after buying an additional 588 shares in the last quarter. MGO One Seven LLC increased its position in shares of 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 valued at $645,000 after buying an additional 837 shares in the last quarter. Finally, CWM LLC increased its position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 72.6% in the fourth quarter. CWM LLC now owns 3,359 shares of the company’s stock valued at $175,000 after buying an additional 1,413 shares in the last quarter.

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

BBBI stock traded up $0.07 during trading on Friday, hitting $51.62. 10,163 shares of the company traded hands, compared to its average volume of 29,055. The stock’s 50-day simple moving average is $51.44 and its 200 day simple moving average is $51.91. The company has a market cap of $162.60 million, a PE ratio of 25.71 and a beta of 0.17. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1 year low of $50.34 and a 1 year high of $52.74.

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.