ADD 1 cup water to INSTANT POT. Place trivet in pot.
MIX first 8 ingredients in large bowl just until blended. Add half the bread crumbs and 2 tbsp barbecue sauce; mix lightly. Gently mix in remaining bread crumbs.
SHAPE meat mixture into 40 meatballs>/sa>. (1/2 inch- 1 inch)
PLACE half the meatballs in single layer on trivet; cover with second layer of meatballs. Close and lock lid. Turn Pressure Release Valve to Sealing position.
COOK 7 min using MANUAL/HIGH PRESSURE COOK setting. When timer goes off, use Natural Pressure Release for 5 min., then do a Quick Pressure Release to release any remaining steam. Remove lid.
USE tongs to transfer meatballs to serving bowl; cover to keep warm. Remove trivet from INSTANT POT. Discard meat juices from pot. Rinse liner, then return liner to pot.
ADD beef broth and remaining barbecue sauce to pot; stir. Cook using SAUTÉ setting 3 min. or until heated through, stirring frequently. Pour over meatballs; stir to evenly coat meatballs with sauce.
Notes
Easy Bread Crumb Substitutions: Forgot to buy bread crumbs? No problem. Crushed cracker crumbs make a simple substitute. Or, make your own bread crumbs. Just cut stale white bread into cubes and bake at 325°F for 15 to 20 min. or until dry and golden brown. Let cool, then process in a food processor to fine crumbs.
Special Extra: Sprinkle with additional chopped fresh parsley before serving
Nutrition Information Per Serving: 120 Calories, 5g Total Fat, 2g Saturated Fat, 45mg Cholesterol, 350mg Sodium, 9g Total Carbohydrate, 1g Dietary Fiber, 3g Total Sugars, 11g Protein, 0%DV Vitamin D, 2%DV Calcium, 10%DV Iron, 6%DV Potassium