Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Drops By 42.5%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 104,752 shares, a decrease of 42.5% from the May 14th total of 182,298 shares. Based on an average daily volume of 95,734 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XONE. Beacon Capital Management Inc. grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the fourth quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after purchasing an additional 627 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the first quarter worth approximately $68,000. American Trust bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth approximately $95,000. Royal Bank of Canada grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after purchasing an additional 672 shares in the last quarter. Finally, Wealth Watch Advisors INC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth approximately $182,000. Institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Up 0.0%

Shares of NYSEARCA:XONE opened at $49.34 on Friday. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52-week low of $49.27 and a 52-week high of $49.70. The stock has a market cap of $718.39 million, a P/E ratio of -52.49 and a beta of 0.01. The business’s 50 day moving average is $49.40 and its 200 day moving average is $49.50.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.