BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Large Drop in Short Interest

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 54,256 shares, a decrease of 44.6% from the April 30th total of 97,857 shares. Based on an average daily trading volume, of 417,327 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XHLF. IFP Advisors Inc boosted its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 600.0% during the third quarter. IFP Advisors Inc now owns 700 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 1,779.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 921 shares of the company’s stock worth $46,000 after acquiring an additional 872 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the fourth quarter worth $55,000. Vermillion & White Wealth Management Group LLC bought a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the third quarter worth $65,000. Finally, Nemes Rush Group LLC boosted its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 39.9% during the fourth quarter. Nemes Rush Group LLC now owns 1,391 shares of the company’s stock worth $70,000 after acquiring an additional 397 shares in the last quarter.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

Shares of XHLF remained flat at $50.18 during trading hours on Tuesday. 279,301 shares of the stock traded hands, compared to its average volume of 449,560. BondBloxx Bloomberg Six Month Target Duration US Treasury ETF has a 52 week low of $50.17 and a 52 week high of $50.42. The business’s fifty day simple moving average is $50.26 and its 200-day simple moving average is $50.29.

About BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.