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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 203,367 shares, a growth of 213.1% from the July 15th total of 64,946 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 222,154 shares, the days-to-cover ratio is presently 0.9 days.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

Shares of XONE traded up $0.02 during trading hours on Thursday, hitting $49.33. 32,829 shares of the stock were exchanged, compared to its average volume of 118,136. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 12-month low of $49.20 and a 12-month high of $49.70. The stock’s 50-day moving average price is $49.30 and its two-hundred day moving average price is $49.41. The company has a market cap of $829.24 million, a price-to-earnings ratio of -52.48 and a beta of 0.01.

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

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 460,466.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 635,582 shares of the company’s stock valued at $31,484,000 after buying an additional 635,444 shares in the last quarter. Bank of America Corp DE increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% in the 3rd quarter. Bank of America Corp DE now owns 1,808,944 shares of the company’s stock valued at $89,832,000 after purchasing an additional 390,810 shares in the last quarter. Tanager Wealth Management LLP increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 45.8% in the 1st quarter. Tanager Wealth Management LLP now owns 556,988 shares of the company’s stock valued at $27,582,000 after purchasing an additional 175,070 shares in the last quarter. Compass Financial Group Inc. Ohio acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth $6,353,000. Finally, S&A Financial Services Inc. acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth $4,823,000. 47.99% of the stock is currently owned by institutional investors and hedge funds.

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.