BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) Sees Significant Drop in Short Interest

BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 919 shares, a decline of 44.0% from the July 30th total of 1,640 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,049 shares, the days-to-cover ratio is currently 0.9 days.

BondBloxx BBB Rated 10+ Year Corporate Bond ETF Stock Up 0.5%

Shares of NYSEARCA:BBBL traded up $0.24 during trading on Tuesday, hitting $46.09. 449 shares of the company were exchanged, compared to its average volume of 850. The business’s 50 day moving average is $46.64 and its 200-day moving average is $47.49. BondBloxx BBB Rated 10+ Year Corporate Bond ETF has a 1-year low of $45.54 and a 1-year high of $50.54.

Institutional Investors Weigh In On BondBloxx BBB Rated 10+ Year Corporate Bond ETF

An institutional investor recently bought a new stake in BondBloxx BBB Rated 10+ Year Corporate Bond ETF stock. Markowski Investments bought a new stake in BondBloxx BBB Rated 10+ Year Corporate Bond ETF (NYSEARCA:BBBL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,048 shares of the company’s stock, valued at approximately $50,000. Markowski Investments owned about 0.70% of BondBloxx BBB Rated 10+ Year Corporate Bond ETF at the end of the most recent quarter.

About BondBloxx BBB Rated 10+ Year Corporate Bond ETF

The BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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 with at least 10 years remaining in maturity. BBBL was launched on Jan 25, 2024 and is issued by BondBloxx.