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) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 24,627 shares, an increase of 311.5% from the May 14th total of 5,985 shares. Based on an average daily volume of 58,438 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strait & Sound Wealth Management LLC raised its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.2% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 121,143 shares of the company’s stock valued at $6,196,000 after purchasing an additional 12,222 shares during the period. Royal Bank of Canada acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 1st quarter valued at about $5,654,000. Lido Advisors LLC acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 1st quarter valued at about $6,626,000. Argus Investors Counsel Inc. acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 1st quarter valued at about $466,000. Finally, 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 about $10,471,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Up 0.3%

NYSEARCA BBBS traded up $0.15 during trading hours on Thursday, reaching $50.98. 11,289 shares of the company’s stock were exchanged, compared to its average volume of 40,789. The firm has a fifty day moving average of $51.06 and a 200-day moving average of $51.33. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a one year low of $50.77 and a one year high of $51.83.

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.