BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) Sees Significant Decrease in Short Interest

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,985 shares, a drop of 68.1% from the April 30th total of 18,761 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 64,717 shares, the days-to-cover ratio is presently 0.1 days.

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

BBBS stock traded up $0.04 during mid-day trading on Friday, hitting $51.15. 8,860 shares of the company were exchanged, compared to its average volume of 42,214. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1-year low of $50.77 and a 1-year high of $51.83. The firm’s 50 day simple moving average is $51.08 and its 200 day simple moving average is $51.37.

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

A number of large investors have recently added to or reduced their stakes in the company. Grantvest Financial Group LLC grew its stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 3.9% during the 3rd quarter. Grantvest Financial Group LLC now owns 13,076 shares of the company’s stock worth $676,000 after acquiring an additional 488 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of 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 purchasing an additional 935 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 5.4% during the third quarter. Foundations Investment Advisors LLC now owns 29,659 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,511 shares during the last quarter. Diversified Portfolios Inc. grew its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 4.2% in the fourth quarter. Diversified Portfolios Inc. now owns 37,502 shares of the company’s stock valued at $1,931,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the third quarter valued at $131,000.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Company Profile

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.