BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Shares Shorted: Short Interest Down 88.8% in October

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 9,699 shares, a decline of 88.8% from the October 15th total of 86,509 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 40,469 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF stock traded down $0.05 during trading on Wednesday, reaching $48.37. 6,363 shares of the company traded hands, compared to its average volume of 53,420. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 1-year low of $48.17 and a 1-year high of $49.69. The company has a 50 day moving average price of $48.44 and a 200-day moving average price of $48.93.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arvest Investments Inc. bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 3rd quarter worth about $8,541,000. Bank of America Corp DE increased its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% in the 1st quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock valued at $3,789,000 after buying an additional 8,576 shares in the last quarter. Partners Wealth Management LLC acquired a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 3rd quarter worth approximately $3,642,000. Lido Advisors LLC bought a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth approximately $3,322,000. Finally, S&A Financial Services Inc. acquired a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the first quarter valued at approximately $2,337,000.

About BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

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.