BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) Sees Significant Decline in Short Interest

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 32,116 shares, a decrease of 69.8% from the August 15th total of 106,388 shares. Based on an average daily volume of 132,339 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Down 0.1%

NYSEARCA:XTEN traded down $0.06 during trading on Friday, reaching $43.45. The company’s stock had a trading volume of 363,665 shares, compared to its average volume of 212,034. The firm has a 50 day moving average of $44.45 and a 200-day moving average of $45.27. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 12 month low of $43.45 and a 12 month high of $47.50.

Hedge Funds Weigh In On BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF in the first quarter valued at $306,000. EverSource Wealth Advisors LLC raised its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 44.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 763 shares of the company’s stock valued at $35,000 after purchasing an additional 236 shares during the period. Ausdal Financial Partners Inc. purchased a new stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 2nd quarter worth about $315,000. Jane Street Group LLC boosted its stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 322.3% in the 2nd quarter. Jane Street Group LLC now owns 107,764 shares of the company’s stock worth $4,974,000 after purchasing an additional 82,247 shares during the period. Finally, Bank of America Corp DE boosted its stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 928,641 shares of the company’s stock worth $42,866,000 after purchasing an additional 300,912 shares during the period.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Company Profile

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.