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

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 32,116 shares, a drop of 69.8% from the August 15th total of 106,388 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 132,339 shares, the days-to-cover ratio is presently 0.2 days.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Down 0.1%

Shares of XTEN traded down $0.06 during mid-day trading on Friday, hitting $43.45. 363,665 shares of the company traded hands, compared to its average volume of 212,034. The stock has a 50-day moving average price of $44.45 and a two-hundred day moving average price of $45.27. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 1 year low of $43.45 and a 1 year high of $47.50.

Institutional Investors Weigh In On BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 44.8% in the second quarter. EverSource Wealth Advisors LLC now owns 763 shares of the company’s stock valued at $35,000 after acquiring an additional 236 shares during the period. CoreCap Advisors LLC grew its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 13.2% during the 2nd quarter. CoreCap Advisors LLC now owns 2,080 shares of the company’s stock valued at $95,000 after purchasing an additional 243 shares during the period. Blue Trust Inc. increased its position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 40.0% during the 1st quarter. Blue Trust Inc. now owns 980 shares of the company’s stock valued at $45,000 after purchasing an additional 280 shares during the last quarter. Spectrum Planning & Advisory Services Inc. increased its position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 2.9% during the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 13,675 shares of the company’s stock valued at $627,000 after purchasing an additional 385 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 8.4% during the 1st quarter. Sanctuary Advisors LLC now owns 5,420 shares of the company’s stock valued at $249,000 after purchasing an additional 420 shares during the last quarter.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Company Profile

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.