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 increase in short interest during the month of June. As of June 30th, there was short interest totaling 18,317 shares, an increase of 217.7% from the June 15th total of 5,765 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 15,478 shares, the short-interest ratio is presently 1.2 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 71.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,251 shares of the company’s stock worth $116,000 after buying an additional 935 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 3rd quarter worth about $203,000. Nottingham Advisors Inc. purchased a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 1st quarter worth $259,000. CWM LLC increased its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 142.2% during the fourth quarter. CWM LLC now owns 6,488 shares of the company’s stock valued at $334,000 after buying an additional 3,809 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the 4th quarter valued at about $414,000.

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

Shares of NYSEARCA:BBBS traded down $0.03 during mid-day trading on Monday, reaching $50.74. The stock had a trading volume of 726 shares, compared to its average volume of 37,225. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1 year low of $50.74 and a 1 year high of $51.83. The business’s 50 day moving average price is $50.95 and its 200 day moving average price is $51.24.

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.