BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Short Interest Update

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 27,448 shares, an increase of 120.1% from the June 15th total of 12,470 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 51,902 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the 2nd quarter worth about $29,000. EP Wealth Advisors LLC acquired a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the fourth quarter worth about $215,000. Cetera Investment Advisers acquired a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the second quarter worth about $227,000. RDA Financial Network increased its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 5.7% during the second quarter. RDA Financial Network now owns 4,988 shares of the company’s stock worth $236,000 after buying an additional 268 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the first quarter worth approximately $375,000.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Performance

XSVN stock traded up $0.10 during midday trading on Wednesday, hitting $46.87. The company’s stock had a trading volume of 5,248 shares, compared to its average volume of 57,754. The firm has a 50-day simple moving average of $47.05 and a 200-day simple moving average of $47.65. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 52-week low of $46.48 and a 52-week high of $48.98.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Company Profile

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.