BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 11,071 shares, a drop of 39.6% from the June 30th total of 18,317 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 22,619 shares, the days-to-cover ratio is currently 0.5 days.
BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Price Performance
Shares of NYSEARCA BBBS traded up $0.04 during trading on Thursday, hitting $50.80. 23,937 shares of the company traded hands, compared to its average volume of 35,977. The business’s fifty day moving average is $50.89 and its 200 day moving average is $51.16. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a fifty-two week low of $50.59 and a fifty-two week high of $51.83.
Institutional Trading of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 24.5% during the 1st quarter. Jane Street Group LLC now owns 41,959 shares of the company’s stock worth $2,142,000 after buying an additional 8,266 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 75.9% during the second quarter. Orion Porfolio Solutions LLC now owns 44,312 shares of the company’s stock valued at $2,278,000 after acquiring an additional 19,115 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF during the third quarter valued at approximately $203,000. Citadel Advisors LLC raised its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 67.2% during the third quarter. Citadel Advisors LLC now owns 33,082 shares of the company’s stock worth $1,711,000 after purchasing an additional 13,293 shares during the period. Finally, Lido Advisors LLC bought a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF in the 3rd quarter worth $6,442,000.
About BondBloxx BBB Rated 1-5 Year Corporate Bond ETF
The BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) 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 1-5 years. BBBS was launched on Jan 25, 2024 and is issued by BondBloxx.
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