BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Up 188.0% in April

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 289,561 shares, a growth of 188.0% from the April 15th total of 100,548 shares. Based on an average daily volume of 110,967 shares, the short-interest ratio is currently 2.6 days. Currently, 2.0% of the shares of the company are short sold.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock opened at $49.38 on Friday. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1 year low of $49.32 and a 1 year high of $49.70. The company has a market capitalization of $718.97 million, a P/E ratio of -52.53 and a beta of 0.01. The company’s fifty day moving average is $49.44 and its two-hundred day moving average is $49.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 1.1% during the 1st quarter. Lido Advisors LLC now owns 68,650 shares of the company’s stock worth $3,400,000 after purchasing an additional 748 shares during the last quarter. Cetera Investment Advisers grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 22.6% during the 1st quarter. Cetera Investment Advisers now owns 222,999 shares of the company’s stock worth $11,043,000 after purchasing an additional 41,110 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter worth $68,000. Sigma Planning Corp grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.4% during the 1st quarter. Sigma Planning Corp now owns 30,435 shares of the company’s stock worth $1,507,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Capital Investment Counsel LLC purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter worth $230,000. 47.99% of the stock is owned by hedge funds and other institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

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.