Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Increases By 317.9%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 160,545 shares, an increase of 317.9% from the December 31st total of 38,415 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 105,012 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 105,012 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the shares of the company are short sold.

Hedge Funds Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at approximately $27,000. Brookstone Capital Management acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at about $215,000. Kingdom Financial Group LLC. acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at $232,000. Csenge Advisory Group purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter valued at about $233,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the third quarter worth approximately $246,000. 47.99% of the stock is owned by institutional investors and hedge funds.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

NYSEARCA XONE remained flat at $49.63 on Thursday. The company’s stock had a trading volume of 54,636 shares, compared to its average volume of 121,844. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52 week low of $49.40 and a 52 week high of $49.78. The stock has a market cap of $713.68 million, a price-to-earnings ratio of -52.80 and a beta of 0.08. The firm has a fifty day moving average price of $49.59 and a 200-day moving average price of $49.58.

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.