BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) Sees Large Decline in Short Interest

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 19,688 shares, a drop of 58.2% from the September 30th total of 47,146 shares. Based on an average trading volume of 395,520 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Performance

NYSEARCA:XTEN traded up $0.20 on Friday, hitting $43.91. 270,164 shares of the stock were exchanged, compared to its average volume of 250,131. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a fifty-two week low of $41.84 and a fifty-two week high of $47.49. The stock has a fifty day moving average of $43.37 and a 200-day moving average of $45.03.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC increased its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 13.2% in the second quarter. CoreCap Advisors LLC now owns 2,080 shares of the company’s stock valued at $95,000 after buying an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 33.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock worth $50,000 after buying an additional 274 shares during the last quarter. Blue Trust Inc. grew its position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 40.0% in the 1st quarter. Blue Trust Inc. now owns 980 shares of the company’s stock worth $45,000 after acquiring an additional 280 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 8.4% in the 1st quarter. Sanctuary Advisors LLC now owns 5,420 shares of the company’s stock valued at $249,000 after acquiring an additional 420 shares during the last quarter. Finally, Paladin Wealth LLC increased its holdings in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 0.7% in the 3rd quarter. Paladin Wealth LLC now owns 78,264 shares of the company’s stock valued at $3,317,000 after acquiring an additional 522 shares during the last quarter.

About BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.