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

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 21,018 shares, a growth of 171.7% from the August 31st total of 7,736 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 296,962 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

Several institutional investors have recently bought and sold shares of XSVN. Purpose Unlimited Inc. acquired a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the fourth quarter valued at $1,538,000. WESPAC Advisors SoCal LLC bought a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the 1st quarter worth about $3,757,000. Brookstone Capital Management bought a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the 1st quarter worth about $842,000. Brown Financial Advisors increased its position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 47.2% in the 2nd quarter. Brown Financial Advisors now owns 104,423 shares of the company’s stock valued at $4,936,000 after acquiring an additional 33,479 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 38.8% in the second quarter. Gradient Investments LLC now owns 1,480,690 shares of the company’s stock worth $69,992,000 after acquiring an additional 414,200 shares during the last quarter.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA XSVN traded down $0.23 during mid-day trading on Monday, hitting $44.78. 50,442 shares of the stock were exchanged, compared to its average volume of 76,011. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a twelve month low of $44.66 and a twelve month high of $48.98. The stock’s fifty day simple moving average is $46.19 and its two-hundred day simple moving average is $46.92.

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.