BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Sees Significant Decline in Short Interest

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,588 shares, a decrease of 65.8% from the April 30th total of 19,286 shares. Based on an average trading volume of 40,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 28.4% in the first quarter. Bank of America Corp DE now owns 191,754 shares of the company’s stock worth $9,150,000 after acquiring an additional 42,465 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 12.9% during the first quarter. Lido Advisors LLC now owns 105,410 shares of the company’s stock valued at $5,030,000 after purchasing an additional 12,051 shares in the last quarter. Beacon Financial Advisory LLC bought a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the first quarter valued at $1,832,000. Continuum Advisory LLC lifted its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 28.5% during the first quarter. Continuum Advisory LLC now owns 33,471 shares of the company’s stock valued at $1,597,000 after purchasing an additional 7,421 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 1.9% during the first quarter. Silver Oak Securities Incorporated now owns 107,146 shares of the company’s stock valued at $5,113,000 after purchasing an additional 2,031 shares in the last quarter.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Trading Up 0.1%

Shares of NYSEARCA XSVN traded up $0.06 during trading on Friday, reaching $47.29. The company had a trading volume of 62,690 shares, compared to its average volume of 58,961. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 12-month low of $46.48 and a 12-month high of $48.98. The business’s 50-day moving average is $47.42 and its 200 day moving average is $47.94.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

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