BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) Sees Significant Decrease in Short Interest

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 13,677 shares, a drop of 14.0% from the February 12th total of 15,903 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 23,707 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 23,707 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s stock are short sold.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Down 0.5%

Shares of BBBI stock opened at $51.43 on Thursday. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 12 month low of $48.91 and a 12 month high of $52.74. The company’s fifty day simple moving average is $52.17 and its 200-day simple moving average is $52.20. The firm has a market cap of $131.15 million, a PE ratio of 25.61 and a beta of 0.21.

Institutional Investors Weigh In On BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atwood & Palmer Inc. boosted its stake in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 3.3% during the 4th quarter. Atwood & Palmer Inc. now owns 752,065 shares of the company’s stock worth $39,137,000 after buying an additional 24,248 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth about $14,709,000. Cetera Investment Advisers bought a new stake in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth about $3,523,000. Commonwealth Equity Services LLC acquired a new position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter valued at approximately $929,000. Finally, MGO One Seven LLC boosted its position in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 7.2% during the fourth quarter. MGO One Seven LLC now owns 12,395 shares of the company’s stock valued at $645,000 after purchasing an additional 837 shares during the last quarter.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Company Profile

The BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) 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 5-10 years. BBBI was launched on Jan 25, 2024 and is issued by BondBloxx.