BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Sees Significant Increase in Short Interest

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 24,955 shares, an increase of 73.5% from the July 15th total of 14,380 shares. Based on an average daily trading volume, of 129,852 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are sold short.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA:XTWO traded up $0.01 during mid-day trading on Monday, hitting $48.88. 12,308 shares of the company traded hands, compared to its average volume of 43,711. The firm’s 50 day simple moving average is $48.84 and its 200 day simple moving average is $49.10. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 52-week low of $48.59 and a 52-week high of $49.69.

Institutional Trading of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

Hedge funds have recently made changes to their positions in the company. S&A Financial Services Inc. acquired a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the first quarter worth $2,337,000. Bank of America Corp DE grew its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% during the 1st quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock valued at $3,789,000 after purchasing an additional 8,576 shares in the last quarter. Strait & Sound Wealth Management LLC increased its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock worth $2,246,000 after buying an additional 1,533 shares during the period. Janney Montgomery Scott LLC increased its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,476 shares of the company’s stock worth $615,000 after buying an additional 1,499 shares during the period. Finally, Astoria Portfolio Advisors LLC. lifted its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 7.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 13,136 shares of the company’s stock worth $652,000 after buying an additional 874 shares in the last quarter.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Company Profile

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