BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) Stock Short Interest Declines 94.4%

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 42,983 shares, a decrease of 94.4% from the September 30th total of 769,860 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 37,392 shares, the days-to-cover ratio is presently 1.1 days.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Stock Performance

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF stock opened at $48.20 on Tuesday. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a 12-month low of $47.71 and a 12-month high of $50.15. The firm has a 50-day moving average price of $48.24 and a 200-day moving average price of $49.04.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the second quarter valued at approximately $712,000. North Forty Two & Co. bought a new position in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the third quarter valued at approximately $582,000. Dynamic Advisor Solutions LLC grew its stake in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 25.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 116,969 shares of the company’s stock valued at $5,735,000 after buying an additional 23,708 shares during the last quarter. Capital Investment Counsel LLC purchased a new stake in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the first quarter worth approximately $815,000. Finally, S&A Financial Services Inc. purchased a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 1st quarter valued at $570,000.

About BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

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