BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Short Interest Up 375.6% in August

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 322,777 shares, a growth of 375.6% from the July 30th total of 67,873 shares. Based on an average daily trading volume, of 466,138 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the shares of the stock are short sold.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

NYSEARCA:XHLF traded up $0.02 during mid-day trading on Wednesday, reaching $50.30. 127,198 shares of the stock were exchanged, compared to its average volume of 416,578. The business has a fifty day moving average price of $50.24 and a 200 day moving average price of $50.25. BondBloxx Bloomberg Six Month Target Duration US Treasury ETF has a 1-year low of $50.14 and a 1-year high of $50.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XHLF. Nemes Rush Group LLC raised its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 39.9% in the 4th quarter. Nemes Rush Group LLC now owns 1,391 shares of the company’s stock worth $70,000 after acquiring an additional 397 shares during the period. Gibbs Wealth Management boosted its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 5.4% during the first quarter. Gibbs Wealth Management now owns 9,358 shares of the company’s stock valued at $471,000 after acquiring an additional 478 shares during the period. IFP Advisors Inc boosted its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 600.0% during the third quarter. IFP Advisors Inc now owns 700 shares of the company’s stock valued at $35,000 after acquiring an additional 600 shares during the period. Stadion Money Management LLC grew its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 0.3% in the fourth quarter. Stadion Money Management LLC now owns 172,629 shares of the company’s stock valued at $8,675,000 after purchasing an additional 600 shares during the last quarter. Finally, Ellis Investment Partners LLC grew its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 7.3% in the fourth quarter. Ellis Investment Partners LLC now owns 10,213 shares of the company’s stock valued at $513,000 after purchasing an additional 699 shares during the last quarter.

About BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.