BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Stock Short Interest Falls 88.8%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 9,699 shares, a decrease of 88.8% from the October 15th total of 86,509 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 40,469 shares, the days-to-cover ratio is presently 0.2 days.

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

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 21.0% during the 3rd quarter. Global Retirement Partners LLC now owns 3,855 shares of the company’s stock valued at $186,000 after acquiring an additional 669 shares in the last quarter. Valmark Advisers Inc. bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter worth approximately $721,000. Lido Advisors LLC purchased a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter valued at approximately $3,322,000. StoneX Group Inc. purchased a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter valued at approximately $348,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth $186,000.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Price Performance

XTWO traded up $0.03 on Friday, hitting $48.30. 14,216 shares of the company were exchanged, compared to its average volume of 54,194. The firm has a fifty day simple moving average of $48.43 and a two-hundred day simple moving average of $48.92. 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.

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.