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

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 94,087 shares, a decline of 57.7% from the September 15th total of 222,188 shares. Based on an average daily trading volume, of 107,053 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On EA Bridgeway Blue Chip ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in EA Bridgeway Blue Chip ETF by 14.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 193,212 shares of the company’s stock valued at $3,188,000 after purchasing an additional 24,843 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in EA Bridgeway Blue Chip ETF during the 2nd quarter worth $175,000. Ameritas Advisory Services LLC boosted its stake in EA Bridgeway Blue Chip ETF by 281.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 221,668 shares of the company’s stock worth $3,658,000 after purchasing an additional 163,536 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in EA Bridgeway Blue Chip ETF by 6.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 133,370 shares of the company’s stock worth $2,201,000 after purchasing an additional 8,043 shares during the last quarter. Finally, Capital Wealth Management LLC grew its holdings in shares of EA Bridgeway Blue Chip ETF by 49.6% during the second quarter. Capital Wealth Management LLC now owns 16,190 shares of the company’s stock worth $267,000 after buying an additional 5,365 shares in the last quarter. Hedge funds and other institutional investors own 2.80% of the company’s stock.

EA Bridgeway Blue Chip ETF Trading Up 0.7%

NYSEARCA:BBLU traded up $0.12 during trading hours on Thursday, hitting $17.71. 82,789 shares of the stock were exchanged, compared to its average volume of 95,924. EA Bridgeway Blue Chip ETF has a 52-week low of $14.34 and a 52-week high of $17.73. The firm’s fifty day moving average price is $17.37 and its 200 day moving average price is $16.64. The company has a market cap of $484.55 million, a P/E ratio of -53.67 and a beta of 0.90.

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.