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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 8,295 shares, a growth of 435.9% from the May 14th total of 1,548 shares. Based on an average trading volume of 12,901 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in BBBI. Bank of America Corp DE purchased a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 2nd quarter valued at about $30,000. Global Retirement Partners LLC grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,099 shares of the company’s stock worth $57,000 after buying an additional 588 shares in the last quarter. Archer Investment Corp grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 9.8% during the fourth quarter. Archer Investment Corp now owns 2,386 shares of the company’s stock worth $124,000 after buying an additional 213 shares in the last quarter. CWM LLC grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 72.6% during the fourth quarter. CWM LLC now owns 3,359 shares of the company’s stock worth $175,000 after buying an additional 1,413 shares in the last quarter. Finally, S&A Financial Services Inc. purchased a new stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the first quarter worth about $235,000.

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

NYSEARCA:BBBI traded down $0.08 during mid-day trading on Friday, hitting $51.28. 3,348 shares of the company’s stock traded hands, compared to its average volume of 29,410. The firm’s 50 day simple moving average is $51.44 and its 200 day simple moving average is $51.86. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1 year low of $50.70 and a 1 year high of $52.74. The company has a market cap of $161.53 million, a PE ratio of 25.54 and a beta of 0.17.

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.