BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Large Growth in Short Interest

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 160,545 shares, an increase of 317.9% from the December 31st total of 38,415 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 105,012 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 105,012 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the shares of the company are sold short.

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

Shares of NYSEARCA:XONE traded up $0.03 during trading on Friday, hitting $49.66. 42,685 shares of the company traded hands, compared to its average volume of 117,837. The stock has a market capitalization of $718.51 million, a price-to-earnings ratio of -52.82 and a beta of 0.08. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a one year low of $49.40 and a one year high of $49.78. The business’s fifty day moving average is $49.59 and its 200-day moving average is $49.58.

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

Several large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter worth approximately $27,000. Brookstone Capital Management acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth $215,000. Kingdom Financial Group LLC. acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth $232,000. Csenge Advisory Group bought a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the third quarter worth $233,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the third quarter valued at $246,000. 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.