BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Short Interest Up 120.1% in June

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 27,448 shares, an increase of 120.1% from the June 15th total of 12,470 shares. Based on an average daily volume of 51,902 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 2nd quarter worth about $29,000. EP Wealth Advisors LLC bought a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the fourth quarter valued at approximately $215,000. Cetera Investment Advisers bought a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the second quarter valued at approximately $227,000. RDA Financial Network boosted its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 5.7% in the second quarter. RDA Financial Network now owns 4,988 shares of the company’s stock valued at $236,000 after purchasing an additional 268 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the first quarter valued at approximately $375,000.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Down 0.0%

Shares of NYSEARCA:XSVN traded down $0.01 on Thursday, hitting $46.87. 140,732 shares of the company’s stock were exchanged, compared to its average volume of 58,704. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 12 month low of $46.48 and a 12 month high of $48.98. The business’s 50 day simple moving average is $47.04 and its two-hundred day simple moving average is $47.64.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

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