Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Declines By 37.0%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 182,298 shares, a decrease of 37.0% from the April 30th total of 289,561 shares. Based on an average daily volume of 81,828 shares, the short-interest ratio is presently 2.2 days. Approximately 1.3% of the company’s shares 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 opened at $49.30 on Friday. The stock’s 50-day moving average is $49.42 and its 200 day moving average is $49.51. The firm has a market cap of $717.81 million, a price-to-earnings ratio of -52.45 and a beta of 0.01. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a one year low of $49.27 and a one year high of $49.70.

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

A number of hedge funds have recently added to or reduced their stakes in XONE. Jane Street Group LLC acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the first quarter valued at approximately $1,863,000. Flow Traders U.S. LLC acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at approximately $275,000. NewEdge Advisors LLC grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 176.5% in the second quarter. NewEdge Advisors LLC now owns 101,277 shares of the company’s stock valued at $5,026,000 after acquiring an additional 64,655 shares during the period. Diversify Wealth Management LLC grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% in the second quarter. Diversify Wealth Management LLC now owns 13,465 shares of the company’s stock valued at $667,000 after acquiring an additional 2,021 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at approximately $993,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

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.