EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Sees Large Decline in Short Interest

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 20,478 shares, a drop of 75.1% from the February 26th total of 82,321 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 116,798 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On EA Bridgeway Blue Chip ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BBLU. Annex Advisory Services LLC acquired a new position in shares of EA Bridgeway Blue Chip ETF in the 4th quarter worth approximately $22,026,000. WFA Asset Management Corp raised its position in EA Bridgeway Blue Chip ETF by 10.9% in the third quarter. WFA Asset Management Corp now owns 1,207,052 shares of the company’s stock valued at $18,141,000 after purchasing an additional 118,148 shares during the period. Cetera Investment Advisers raised its position in EA Bridgeway Blue Chip ETF by 31.8% in the fourth quarter. Cetera Investment Advisers now owns 1,194,896 shares of the company’s stock valued at $18,234,000 after purchasing an additional 288,146 shares during the period. Raymond James Financial Inc. lifted its stake in EA Bridgeway Blue Chip ETF by 24.8% during the third quarter. Raymond James Financial Inc. now owns 871,441 shares of the company’s stock worth $13,097,000 after purchasing an additional 172,971 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in EA Bridgeway Blue Chip ETF by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 546,773 shares of the company’s stock worth $8,344,000 after purchasing an additional 11,391 shares in the last quarter. 2.80% of the stock is owned by hedge funds and other institutional investors.

EA Bridgeway Blue Chip ETF Trading Down 1.5%

BBLU traded down $0.22 on Friday, hitting $14.41. The company had a trading volume of 64,895 shares, compared to its average volume of 124,507. The company’s fifty day moving average price is $15.14 and its 200 day moving average price is $15.20. EA Bridgeway Blue Chip ETF has a 1 year low of $11.01 and a 1 year high of $15.66. The firm has a market cap of $345.98 million, a P/E ratio of -43.67 and a beta of 0.92.

About EA Bridgeway Blue Chip ETF

The Ea Bridgeway Blue Chip ETF (BBLU) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay. BBLU was launched on Jul 31, 1997 and is managed by Bridgeway.