BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Up 317.9% in January

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 160,545 shares, an increase of 317.9% from the December 31st total of 38,415 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 105,012 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 105,012 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at approximately $27,000. Brookstone Capital Management acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at $215,000. Kingdom Financial Group LLC. purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth $232,000. Csenge Advisory Group acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter worth $233,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter worth $246,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of NYSEARCA XONE traded up $0.01 during midday trading on Wednesday, hitting $49.64. 2,034 shares of the company’s stock were exchanged, compared to its average volume of 122,791. The firm’s fifty day simple moving average is $49.59 and its 200-day simple moving average is $49.58. The company has a market cap of $713.75 million, a PE ratio of -52.80 and a beta of 0.08. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a twelve month low of $49.40 and a twelve month high of $49.78.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to invest in a portfolio of US Treasury securities with a target duration of one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.