Short Interest in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Drops By 42.6%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 10,602 shares, a drop of 42.6% from the November 30th total of 18,476 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 41,990 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 41,990 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Down 0.3%

NYSEARCA:XTWO traded down $0.16 during trading on Tuesday, reaching $49.48. The company’s stock had a trading volume of 15,493 shares, compared to its average volume of 21,523. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 12 month low of $48.94 and a 12 month high of $49.72. The firm has a 50 day moving average of $49.54 and a 200-day moving average of $49.48.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Strait & Sound Wealth Management LLC grew its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 48.6% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 30,433 shares of the company’s stock valued at $1,506,000 after acquiring an additional 9,958 shares during the period. Coppell Advisory Solutions LLC bought a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 1st quarter worth approximately $922,000. World Investment Advisors lifted its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 14.6% in the second quarter. World Investment Advisors now owns 15,366 shares of the company’s stock valued at $761,000 after purchasing an additional 1,953 shares during the last quarter. Cetera Investment Advisers grew its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 11.0% during the second quarter. Cetera Investment Advisers now owns 113,386 shares of the company’s stock valued at $5,618,000 after purchasing an additional 11,256 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the second quarter worth $69,000.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) 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 two years. XTWO was launched on Sep 13, 2022 and is managed by BondBloxx.