BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Sees Significant Decrease in Short Interest

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 15,531 shares, a drop of 41.3% from the June 15th total of 26,480 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 22,093 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. S&A Financial Services Inc. acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the first quarter valued at approximately $2,337,000. Bank of America Corp DE increased its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% during the 1st quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock worth $3,789,000 after acquiring an additional 8,576 shares during the period. Strait & Sound Wealth Management LLC increased its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock worth $2,246,000 after acquiring an additional 1,533 shares during the period. Janney Montgomery Scott LLC raised its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 13.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,476 shares of the company’s stock valued at $615,000 after acquiring an additional 1,499 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 7.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 13,136 shares of the company’s stock valued at $652,000 after acquiring an additional 874 shares in the last quarter.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Trading Up 0.0%

Shares of XTWO stock traded up $0.01 on Thursday, hitting $48.87. The company’s stock had a trading volume of 19,117 shares, compared to its average volume of 35,337. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a fifty-two week low of $48.59 and a fifty-two week high of $49.69. The stock’s 50 day moving average is $48.91 and its 200-day moving average is $49.21.

About BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

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.