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

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,030 shares, a drop of 91.0% from the August 31st total of 22,482 shares. Based on an average daily volume of 51,427 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Trading Up 0.3%

Shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF stock traded up $0.12 on Friday, reaching $47.97. 13,724 shares of the stock were exchanged, compared to its average volume of 45,324. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a twelve month low of $47.83 and a twelve month high of $50.15. The business has a 50 day moving average price of $48.56 and a two-hundred day moving average price of $48.97.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 12.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,770 shares of the company’s stock valued at $236,000 after acquiring an additional 525 shares during the last quarter. Cetera Investment Advisers lifted its position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 8.5% during the first quarter. Cetera Investment Advisers now owns 5,038 shares of the company’s stock valued at $249,000 after purchasing an additional 393 shares during the period. S&A Financial Services Inc. acquired a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the first quarter valued at $570,000. Citadel Advisors LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the second quarter valued at $712,000. Finally, Capital Investment Counsel LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the first quarter valued at $815,000.

About BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

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