BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Sees Significant Decline in Short Interest

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 19,271 shares, a decrease of 88.9% from the July 15th total of 173,760 shares. Based on an average daily trading volume, of 64,589 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Price Performance

Shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF stock traded up $0.10 during trading on Wednesday, hitting $46.53. 2,710 shares of the company’s stock traded hands, compared to its average volume of 57,144. The firm’s fifty day moving average price is $46.87 and its 200 day moving average price is $47.44. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a twelve month low of $46.36 and a twelve month high of $48.98.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $29,000. EP Wealth Advisors LLC acquired a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 4th quarter valued at $215,000. Cetera Investment Advisers bought a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the second quarter valued at $227,000. RDA Financial Network raised its stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 5.7% during the second quarter. RDA Financial Network now owns 4,988 shares of the company’s stock worth $236,000 after acquiring an additional 268 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the first quarter worth $375,000.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

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.