BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Large Drop in Short Interest

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 79,453 shares, a drop of 60.9% from the July 30th total of 203,367 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 104,780 shares, the days-to-cover ratio is currently 0.8 days.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock traded down $0.02 during midday trading on Friday, reaching $49.36. The stock had a trading volume of 75,354 shares, compared to its average volume of 116,793. The stock’s 50-day simple moving average is $49.31 and its 200 day simple moving average is $49.40. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a twelve month low of $49.20 and a twelve month high of $49.70. The stock has a market capitalization of $829.74 million, a PE ratio of -52.51 and a beta of 0.01.

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

A number of institutional investors have recently modified their holdings of XONE. Tanager Wealth Management LLP raised its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% in the second quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock valued at $46,580,000 after buying an additional 386,502 shares during the period. Compass Financial Management LLC purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter worth approximately $308,000. ZEGA Investments LLC grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 22.3% during the second quarter. ZEGA Investments LLC now owns 20,062 shares of the company’s stock worth $990,000 after buying an additional 3,664 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 23,044 shares of the company’s stock worth $1,138,000 after acquiring an additional 540 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 25,496 shares of the company’s stock worth $1,259,000 after acquiring an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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 one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.