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

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 86,509 shares, an increase of 530.2% from the September 30th total of 13,728 shares. Based on an average daily trading volume, of 107,319 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XTWO. Elm3 Financial Group LLC bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth approximately $296,000. Janney Montgomery Scott LLC grew its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 13.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,476 shares of the company’s stock worth $615,000 after buying an additional 1,499 shares in the last quarter. North Forty Two & Co. purchased a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter worth approximately $2,046,000. Strait & Sound Wealth Management LLC grew its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock worth $2,246,000 after buying an additional 1,533 shares in the last quarter. Finally, S&A Financial Services Inc. bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 1st quarter worth $2,337,000.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA XTWO opened at $48.51 on Tuesday. The stock’s 50-day simple moving average is $48.52 and its two-hundred day simple moving average is $48.99. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a twelve month low of $48.17 and a twelve month high of $49.69.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Company Profile

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