BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Short Interest Update

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,875 shares, an increase of 2,293.6% from the February 12th total of 329 shares. Based on an average daily trading volume, of 21,552 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 21,552 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in BBBS. Gradient Investments LLC boosted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.3% in the 4th quarter. Gradient Investments LLC now owns 932,204 shares of the company’s stock valued at $47,990,000 after buying an additional 94,304 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the second quarter worth $25,306,000. Orion Porfolio Solutions LLC increased its position in shares of 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 worth $8,064,000 after acquiring an additional 3,401 shares during the period. Jane Street Group LLC raised its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 199.3% in the second quarter. Jane Street Group LLC now owns 125,584 shares of the company’s stock valued at $6,455,000 after acquiring an additional 83,625 shares in the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter valued at $6,442,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Price Performance

Shares of BBBS stock traded down $0.04 on Tuesday, hitting $51.40. The stock had a trading volume of 19,217 shares, compared to its average volume of 47,800. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1 year low of $50.02 and a 1 year high of $51.83. The company’s 50 day moving average price is $51.56 and its 200-day moving average price is $51.59.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1724 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.