EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Sees Significant Increase in Short Interest

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 82,321 shares, an increase of 47.0% from the February 12th total of 55,995 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 139,531 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 139,531 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

EA Bridgeway Blue Chip ETF Price Performance

NYSEARCA BBLU opened at $14.88 on Monday. The business’s fifty day moving average price is $15.26 and its 200-day moving average price is $15.19. The stock has a market capitalization of $357.27 million, a price-to-earnings ratio of -45.09 and a beta of 0.92. EA Bridgeway Blue Chip ETF has a 1-year low of $11.01 and a 1-year high of $15.66.

Institutional Trading of EA Bridgeway Blue Chip ETF

A number of hedge funds have recently bought and sold shares of the company. Annex Advisory Services LLC purchased a new position in EA Bridgeway Blue Chip ETF in the fourth quarter worth about $22,026,000. Cetera Investment Advisers increased its position in shares of EA Bridgeway Blue Chip ETF by 74.7% during the 2nd quarter. Cetera Investment Advisers now owns 767,499 shares of the company’s stock valued at $10,556,000 after purchasing an additional 328,192 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of EA Bridgeway Blue Chip ETF by 62.4% during the 2nd quarter. Raymond James Financial Inc. now owns 698,470 shares of the company’s stock valued at $9,607,000 after purchasing an additional 268,448 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of EA Bridgeway Blue Chip ETF by 293.1% in the 4th quarter. D.A. Davidson & CO. now owns 243,788 shares of the company’s stock worth $3,720,000 after purchasing an additional 181,775 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of EA Bridgeway Blue Chip ETF by 92.0% in the 2nd quarter. Osaic Holdings Inc. now owns 341,454 shares of the company’s stock worth $4,695,000 after purchasing an additional 163,592 shares during the period. Hedge funds and other institutional investors own 2.80% of the company’s stock.

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.