BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) Sees Large Increase in Short Interest

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 292,107 shares, a growth of 158.2% from the June 30th total of 113,119 shares. Based on an average trading volume of 161,084 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC acquired a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 44.8% in the second quarter. EverSource Wealth Advisors LLC now owns 763 shares of the company’s stock worth $35,000 after acquiring an additional 236 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 40.0% during the first quarter. Blue Trust Inc. now owns 980 shares of the company’s stock worth $45,000 after acquiring an additional 280 shares in the last quarter. Beacon Capital Management Inc. raised its holdings in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 302.0% during the fourth quarter. Beacon Capital Management Inc. now owns 1,182 shares of the company’s stock worth $55,000 after acquiring an additional 888 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 28.2% during the fourth quarter. CoreCap Advisors LLC now owns 1,387 shares of the company’s stock worth $64,000 after acquiring an additional 305 shares in the last quarter.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Price Performance

XTEN traded down $0.41 on Wednesday, hitting $44.43. 182,921 shares of the company’s stock were exchanged, compared to its average volume of 217,453. The stock has a fifty day moving average of $45.15 and a two-hundred day moving average of $45.76. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a twelve month low of $44.33 and a twelve month high of $47.50.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Company Profile

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.