Short Interest in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Declines By 65.8%

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 6,588 shares, a drop of 65.8% from the April 30th total of 19,286 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 40,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 28.4% in the first quarter. Bank of America Corp DE now owns 191,754 shares of the company’s stock valued at $9,150,000 after purchasing an additional 42,465 shares during the period. Lido Advisors LLC raised its position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 12.9% in the first quarter. Lido Advisors LLC now owns 105,410 shares of the company’s stock valued at $5,030,000 after purchasing an additional 12,051 shares during the period. Beacon Financial Advisory LLC bought a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the first quarter valued at approximately $1,832,000. Continuum Advisory LLC raised its position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 28.5% in the first quarter. Continuum Advisory LLC now owns 33,471 shares of the company’s stock valued at $1,597,000 after purchasing an additional 7,421 shares during the period. Finally, Silver Oak Securities Incorporated raised its position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 1.9% in the first quarter. Silver Oak Securities Incorporated now owns 107,146 shares of the company’s stock valued at $5,113,000 after purchasing an additional 2,031 shares during the period.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Trading Down 0.5%

Shares of NYSEARCA:XSVN traded down $0.22 during trading on Monday, reaching $47.07. The stock had a trading volume of 63,301 shares, compared to its average volume of 58,741. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 52 week low of $46.48 and a 52 week high of $48.98. The stock has a fifty day simple moving average of $47.42 and a two-hundred day simple moving average of $47.94.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) 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 seven years. XSVN was launched on Sep 13, 2022 and is managed by BondBloxx.