BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Up 217.7% in June

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 18,317 shares, a growth of 217.7% from the June 15th total of 5,765 shares. Based on an average daily volume of 15,478 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.3% during the 4th quarter. Gradient Investments LLC now owns 932,204 shares of the company’s stock valued at $47,990,000 after acquiring an additional 94,304 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 4th quarter worth $15,824,000. Tanager Wealth Management LLP bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the first quarter worth about $10,471,000. Orion Porfolio Solutions LLC lifted its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% during the fourth quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock valued at $8,064,000 after purchasing an additional 3,401 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 1st quarter worth $6,626,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Stock Down 0.1%

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF stock traded down $0.03 during trading hours on Monday, hitting $50.74. The stock had a trading volume of 726 shares, compared to its average volume of 37,225. The stock’s 50-day moving average price is $50.95 and its 200-day moving average price is $51.24. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 12-month low of $50.74 and a 12-month 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.