BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Shares Shorted: Short Interest Up 530.2% in October

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 86,509 shares, a growth of 530.2% from the September 30th total of 13,728 shares. Based on an average daily volume of 107,319 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.6% of the company’s stock are short sold.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Up 0.1%

XTWO stock traded up $0.05 during mid-day trading on Thursday, hitting $48.56. The company had a trading volume of 40,876 shares, compared to its average volume of 52,633. The company has a 50-day moving average price of $48.50 and a 200 day moving average price of $48.97. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 12-month low of $48.17 and a 12-month high of $49.69.

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

A number of hedge funds have recently modified their holdings of XTWO. Arvest Investments Inc. acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the third quarter worth about $8,541,000. Bank of America Corp DE increased its holdings in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% in the first quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock valued at $3,789,000 after purchasing an additional 8,576 shares during the period. Partners Wealth Management LLC purchased a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 3rd quarter worth $3,642,000. S&A Financial Services Inc. purchased a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the first quarter worth about $2,337,000. Finally, Strait & Sound Wealth Management LLC increased its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock worth $2,246,000 after purchasing an additional 1,533 shares during the period.

About BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

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