EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Sees Large Drop in Short Interest

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 90,532 shares, a decrease of 39.3% from the April 30th total of 149,052 shares. Based on an average daily volume of 102,228 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are sold short.

EA Bridgeway Blue Chip ETF Stock Down 0.5%

NYSEARCA:BBLU traded down $0.09 during trading hours on Wednesday, reaching $16.87. 8,692 shares of the company’s stock were exchanged, compared to its average volume of 109,651. The company has a market capitalization of $423.61 million, a P/E ratio of -51.12 and a beta of 0.89. EA Bridgeway Blue Chip ETF has a 12 month low of $13.03 and a 12 month high of $16.96. The business’s 50-day simple moving average is $15.70 and its two-hundred day simple moving average is $15.41.

Institutional Investors Weigh In On EA Bridgeway Blue Chip ETF

Several large investors have recently modified their holdings of BBLU. Annex Advisory Services LLC purchased a new stake in shares of EA Bridgeway Blue Chip ETF during the fourth quarter valued at $22,026,000. Ameritas Advisory Services LLC increased its stake in EA Bridgeway Blue Chip ETF by 119.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 56,620 shares of the company’s stock worth $864,000 after purchasing an additional 30,866 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in EA Bridgeway Blue Chip ETF during the 3rd quarter worth about $1,398,000. D.A. Davidson & CO. raised its holdings in EA Bridgeway Blue Chip ETF by 293.1% during the 4th quarter. D.A. Davidson & CO. now owns 243,788 shares of the company’s stock worth $3,720,000 after buying an additional 181,775 shares during the period. Finally, Envision Financial Transparency LLC acquired a new stake in EA Bridgeway Blue Chip ETF during the 1st quarter worth about $863,000. 2.80% of the stock is owned by institutional investors.

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.