BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Stock Short Interest Jumps 172.8%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 108,854 shares, an increase of 172.8% from the September 30th total of 39,896 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 192,765 shares, the short-interest ratio is presently 0.6 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Partners Wealth Management LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter worth $9,299,000. Laurel Wealth Advisors LLC increased its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 12.4% in the third quarter. Laurel Wealth Advisors LLC now owns 62,180 shares of the company’s stock worth $3,059,000 after buying an additional 6,840 shares during the period. Victory Financial Group LLC lifted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5.7% in the third quarter. Victory Financial Group LLC now owns 411,789 shares of the company’s stock valued at $20,256,000 after buying an additional 22,110 shares during the last quarter. Latitude Advisors LLC bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the third quarter valued at $73,000. Finally, Midland Wealth Advisors LLC lifted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 8.5% in the third quarter. Midland Wealth Advisors LLC now owns 96,089 shares of the company’s stock valued at $4,727,000 after buying an additional 7,507 shares during the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of XONE opened at $49.31 on Friday. The stock has a market capitalization of $856.51 million, a PE ratio of -52.46 and a beta of 0.01. The business’s fifty day moving average price is $49.20 and its 200 day moving average price is $49.36. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 12-month low of $49.02 and a 12-month high of $49.68.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

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.