BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) Sees Large Growth in Short Interest

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 46,254 shares, an increase of 97.2% from the June 15th total of 23,461 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 32,001 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XFIV. NewEdge Advisors LLC bought a new stake in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $207,000. Jane Street Group LLC increased its holdings in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF by 185.2% during the second quarter. Jane Street Group LLC now owns 19,669 shares of the company’s stock worth $971,000 after buying an additional 12,772 shares during the last quarter. Bank of America Corp DE increased its holdings in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF by 18.6% during the second quarter. Bank of America Corp DE now owns 94,827 shares of the company’s stock worth $4,680,000 after buying an additional 14,859 shares during the last quarter. IHT Wealth Management LLC bought a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the second quarter worth $322,000. Finally, Tower Research Capital LLC TRC bought a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the third quarter worth $1,282,000.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Stock Up 0.1%

Shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF stock traded up $0.03 during trading hours on Friday, hitting $48.42. The company’s stock had a trading volume of 27,550 shares, compared to its average volume of 77,538. The stock has a 50 day moving average of $48.51 and a 200 day moving average of $49.06. BondBloxx Bloomberg Five Year Target Duration US Treasury ETF has a 12 month low of $48.16 and a 12 month high of $50.19.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Company Profile

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