Short Interest in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) Drops By 42.7%

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,372 shares, a drop of 42.7% from the May 14th total of 14,617 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 125,082 shares, the short-interest ratio is presently 0.1 days.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA:XTRE opened at $48.97 on Friday. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a 52 week low of $48.79 and a 52 week high of $50.15. The company has a 50-day moving average price of $49.20 and a 200 day moving average price of $49.56.

Institutional Investors Weigh In On BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

Hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 18.7% in the fourth quarter. AE Wealth Management LLC now owns 136,148 shares of the company’s stock valued at $6,775,000 after purchasing an additional 21,448 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 32.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 69,536 shares of the company’s stock valued at $3,460,000 after buying an additional 16,979 shares in the last quarter. Gradient Investments LLC increased its holdings in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 11.2% in the fourth quarter. Gradient Investments LLC now owns 771,343 shares of the company’s stock valued at $38,383,000 after buying an additional 77,936 shares in the last quarter. Mattson Financial Services LLC increased its holdings in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 15.5% in the fourth quarter. Mattson Financial Services LLC now owns 88,215 shares of the company’s stock valued at $4,390,000 after buying an additional 11,826 shares in the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the fourth quarter valued at about $2,142,000.

About BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

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