Short Interest in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Increases By 120.1%

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 27,448 shares, an increase of 120.1% from the June 15th total of 12,470 shares. Based on an average daily volume of 51,902 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of XSVN. Raymond James Financial Inc. purchased a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the second quarter valued at $29,000. EP Wealth Advisors LLC acquired a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the fourth quarter worth about $215,000. Cetera Investment Advisers acquired a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the second quarter worth about $227,000. RDA Financial Network lifted its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 5.7% in the 2nd quarter. RDA Financial Network now owns 4,988 shares of the company’s stock valued at $236,000 after purchasing an additional 268 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 1st quarter valued at about $375,000.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Up 0.2%

Shares of NYSEARCA:XSVN traded up $0.10 during trading on Wednesday, hitting $46.87. 5,248 shares of the company were exchanged, compared to its average volume of 57,754. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 12-month low of $46.48 and a 12-month high of $48.98. The firm’s 50 day moving average price is $47.05 and its 200-day moving average price is $47.65.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) 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 seven years. XSVN was launched on Sep 13, 2022 and is managed by BondBloxx.