Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Drops By 42.5%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 104,752 shares, a decrease of 42.5% from the May 14th total of 182,298 shares. Based on an average daily trading volume, of 95,734 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of XONE. Beacon Capital Management Inc. raised its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the fourth quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after buying an additional 627 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the first quarter worth approximately $68,000. American Trust bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth approximately $95,000. Royal Bank of Canada grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after purchasing an additional 672 shares in the last quarter. Finally, Wealth Watch Advisors INC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth approximately $182,000. 47.99% of the stock is currently owned by hedge funds and other institutional investors.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA XONE opened at $49.34 on Friday. The business’s 50 day moving average price is $49.40 and its 200-day moving average price is $49.50. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a fifty-two week low of $49.27 and a fifty-two week high of $49.70. The company has a market cap of $718.39 million, a price-to-earnings ratio of -52.49 and a beta of 0.01.

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.