Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Drops By 42.5%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 104,752 shares, a drop of 42.5% from the May 14th total of 182,298 shares. Based on an average daily trading volume, of 95,734 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of XONE stock traded up $0.01 on Tuesday, hitting $49.35. The stock had a trading volume of 114,813 shares, compared to its average volume of 114,592. The firm has a market capitalization of $718.54 million, a P/E ratio of -52.50 and a beta of 0.01. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1 year low of $49.27 and a 1 year high of $49.70. The company’s 50 day moving average price is $49.40 and its 200-day moving average price is $49.49.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of XONE. Jane Street Group LLC purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth about $1,863,000. Flow Traders U.S. LLC purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter worth about $275,000. NewEdge Advisors LLC increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 176.5% during the second quarter. NewEdge Advisors LLC now owns 101,277 shares of the company’s stock worth $5,026,000 after purchasing an additional 64,655 shares during the period. Diversify Wealth Management LLC increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% during the second quarter. Diversify Wealth Management LLC now owns 13,465 shares of the company’s stock worth $667,000 after purchasing an additional 2,021 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter worth about $993,000. 47.99% of the stock is currently owned by hedge funds and other institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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 one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.