BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Up 39.1% in February

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 7,405 shares, a growth of 39.1% from the February 12th total of 5,325 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 119,577 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 119,577 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock remained flat at $49.46 on Friday. The stock had a trading volume of 71,848 shares, compared to its average volume of 112,913. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 12-month low of $49.40 and a 12-month high of $49.78. The stock’s 50-day simple moving average is $49.55 and its 200 day simple moving average is $49.58. The firm has a market capitalization of $715.69 million, a PE ratio of -52.62 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1358 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, March 2nd. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio is presently -221.28%.

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

Large investors have recently bought and sold shares of the stock. Beacon Capital Management Inc. boosted its holdings 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 worth $41,000 after acquiring an additional 627 shares during the last quarter. American Trust purchased a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at about $95,000. Royal Bank of Canada lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after purchasing an additional 672 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth about $182,000. Finally, Kingdom Financial Group LLC. bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter worth about $232,000. 47.99% of the stock is currently owned by institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

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.