BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Down 37.0% in May

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 182,298 shares, a decline of 37.0% from the April 30th total of 289,561 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 81,828 shares, the short-interest ratio is presently 2.2 days.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock opened at $49.28 on Thursday. The business’s fifty day moving average price is $49.42 and its two-hundred day moving average price is $49.51. The company has a market capitalization of $717.52 million, a P/E ratio of -52.43 and a beta of 0.01. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1-year low of $49.27 and a 1-year high of $49.70.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Hedge funds have recently added to or reduced their stakes in the business. Beacon Capital Management Inc. raised its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% during the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock valued at $41,000 after acquiring an additional 627 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter valued at $68,000. American Trust bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter valued at $95,000. Royal Bank of Canada raised its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the 4th quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after acquiring an additional 672 shares in the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter valued at $182,000. Institutional investors own 47.99% of the company’s stock.

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.