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

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBIGet Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 8,427 shares, a drop of 38.7% from the July 30th total of 13,746 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 18,131 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth approximately $14,709,000. Cetera Investment Advisers acquired a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF in the fourth quarter worth approximately $3,523,000. Commonwealth Equity Services LLC bought a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at $929,000. Atwood & Palmer Inc. boosted its stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 1.8% during the 2nd quarter. Atwood & Palmer Inc. now owns 785,064 shares of the company’s stock valued at $40,369,000 after purchasing an additional 14,244 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 4th quarter valued at $365,000.

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

BBBI stock opened at $50.57 on Monday. The company has a market capitalization of $169.41 million, a P/E ratio of 25.18 and a beta of 0.18. The company has a 50-day simple moving average of $50.86 and a 200 day simple moving average of $51.36. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a fifty-two week low of $50.39 and a fifty-two week high of $52.74.

About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

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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.

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