BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI – Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 11,529 shares, an increase of 86.9% from the April 15th total of 6,169 shares. Based on an average daily trading volume, of 14,082 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the stock are short sold.
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Price Performance
Shares of BBBI traded down $0.28 during midday trading on Friday, hitting $51.06. 4,567 shares of the company traded hands, compared to its average volume of 30,623. The stock has a 50-day moving average of $51.54 and a 200-day moving average of $51.97. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a one year low of $50.03 and a one year high of $52.74. The firm has a market cap of $160.84 million, a P/E ratio of 25.43 and a beta of 0.17.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the second quarter worth about $30,000. Global Retirement Partners LLC grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 115.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,099 shares of the company’s stock worth $57,000 after purchasing an additional 588 shares in the last quarter. CWM LLC grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 35.9% during the third quarter. CWM LLC now owns 1,946 shares of the company’s stock worth $102,000 after purchasing an additional 514 shares in the last quarter. Archer Investment Corp grew its holdings in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 21.2% during the third quarter. Archer Investment Corp now owns 2,173 shares of the company’s stock worth $114,000 after purchasing an additional 380 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the fourth quarter worth about $365,000.
About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF
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.
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