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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 64,946 shares, a decrease of 58.3% from the June 30th total of 155,591 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 86,702 shares, the short-interest ratio is presently 0.7 days.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of NYSEARCA:XONE traded up $0.02 during midday trading on Tuesday, hitting $49.33. The company had a trading volume of 52,156 shares, compared to its average volume of 117,357. 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 cap of $784.84 million, a price-to-earnings ratio of -52.48 and a beta of 0.01. The business’s 50-day simple moving average is $49.32 and its 200-day simple moving average is $49.43.

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

Several large investors have recently added to or reduced their stakes in the stock. Beacon Capital Management Inc. raised its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% during the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after acquiring an additional 627 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth about $68,000. American Trust acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth about $95,000. Royal Bank of Canada raised its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during 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 during the period. Finally, Wealth Watch Advisors INC purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth about $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 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.