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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 108,854 shares, an increase of 172.8% from the September 30th total of 39,896 shares. Based on an average trading volume of 192,765 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the company’s shares are sold short.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of NYSEARCA:XONE traded up $0.03 during mid-day trading on Thursday, reaching $49.27. 84,490 shares of the company were exchanged, compared to its average volume of 122,192. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1 year low of $49.02 and a 1 year high of $49.68. The firm’s 50-day simple moving average is $49.20 and its 200 day simple moving average is $49.37. The firm has a market cap of $850.88 million, a price-to-earnings ratio of -52.41 and a beta of 0.01.

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

A number of institutional investors have recently modified their holdings of the company. Partners Wealth Management LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter worth about $9,299,000. Laurel Wealth Advisors LLC grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 12.4% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 62,180 shares of the company’s stock valued at $3,059,000 after acquiring an additional 6,840 shares in the last quarter. Victory Financial Group LLC increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5.7% during the third quarter. Victory Financial Group LLC now owns 411,789 shares of the company’s stock worth $20,256,000 after purchasing an additional 22,110 shares during the period. Latitude Advisors LLC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the third quarter worth about $73,000. Finally, Midland Wealth Advisors LLC lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 8.5% during the third quarter. Midland Wealth Advisors LLC now owns 96,089 shares of the company’s stock worth $4,727,000 after purchasing an additional 7,507 shares in the last quarter. 47.99% of the stock is owned by institutional investors and hedge funds.

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.