EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) Sees Large Drop in Short Interest

EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 90,532 shares, a decline of 39.3% from the April 30th total of 149,052 shares. Based on an average daily volume of 102,228 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

EA Bridgeway Blue Chip ETF Stock Performance

Shares of BBLU opened at $16.89 on Friday. The stock has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $15.45. EA Bridgeway Blue Chip ETF has a 52-week low of $13.03 and a 52-week high of $16.96. The firm has a market capitalization of $424.11 million, a PE ratio of -51.18 and a beta of 0.89.

Hedge Funds Weigh In On EA Bridgeway Blue Chip ETF

Large investors have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in EA Bridgeway Blue Chip ETF during the 4th quarter worth approximately $44,000. Main Street Group LTD boosted its position in EA Bridgeway Blue Chip ETF by 548.7% during the 3rd quarter. Main Street Group LTD now owns 10,075 shares of the company’s stock worth $151,000 after acquiring an additional 8,522 shares during the last quarter. Capital Wealth Management LLC acquired a new position in EA Bridgeway Blue Chip ETF during the 1st quarter worth approximately $160,000. Focus Partners Advisor Solutions LLC acquired a new position in EA Bridgeway Blue Chip ETF during the 4th quarter worth approximately $167,000. Finally, Stephens Inc. AR boosted its position in EA Bridgeway Blue Chip ETF by 6.1% during the 4th quarter. Stephens Inc. AR now owns 11,550 shares of the company’s stock worth $176,000 after acquiring an additional 660 shares during the last quarter. Institutional investors and hedge funds 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.