BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Short Interest Down 65.8% in May

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,588 shares, a drop of 65.8% from the April 30th total of 19,286 shares. Based on an average daily trading volume, of 40,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Price Performance

NYSEARCA:XSVN traded up $0.06 during mid-day trading on Friday, reaching $47.29. The company’s stock had a trading volume of 62,690 shares, compared to its average volume of 58,961. The firm’s fifty day moving average price is $47.42 and its two-hundred day moving average price is $47.94. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 12-month low of $46.48 and a 12-month high of $48.98.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in XSVN. Raymond James Financial Inc. bought a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 2nd quarter worth approximately $29,000. EP Wealth Advisors LLC bought a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the 4th quarter valued at $215,000. Cetera Investment Advisers purchased a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 2nd quarter worth $227,000. Goldman Sachs Group Inc. purchased a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 1st quarter worth $375,000. Finally, Jane Street Group LLC grew its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 23.5% in the first quarter. Jane Street Group LLC now owns 8,037 shares of the company’s stock worth $384,000 after acquiring an additional 1,527 shares during the period.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) 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 seven years. XSVN was launched on Sep 13, 2022 and is managed by BondBloxx.