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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 64,946 shares, a drop of 58.3% from the June 30th total of 155,591 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 86,702 shares, the days-to-cover ratio is currently 0.7 days.

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

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth approximately $1,863,000. Flow Traders U.S. LLC bought a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter valued at $275,000. NewEdge Advisors LLC grew its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 176.5% during the 2nd quarter. NewEdge Advisors LLC now owns 101,277 shares of the company’s stock valued at $5,026,000 after purchasing an additional 64,655 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,465 shares of the company’s stock valued at $667,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter worth $993,000. Institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Up 0.0%

Shares of XONE stock traded up $0.02 during trading on Wednesday, hitting $49.35. The company had a trading volume of 64,238 shares, compared to its average volume of 116,969. The stock’s 50-day moving average is $49.32 and its two-hundred day moving average is $49.43. The stock has a market capitalization of $785.16 million, a price-to-earnings ratio of -52.50 and a beta of 0.01. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52 week low of $49.20 and a 52 week high of $49.70.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.