BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Stock Short Interest Drops 59.5%

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 8,505 shares, a decline of 59.5% from the September 15th total of 21,018 shares. Based on an average daily trading volume, of 164,416 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

Institutional investors have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. lifted its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 80,719.2% during the third quarter. Armstrong Advisory Group Inc. now owns 21,013 shares of the company’s stock worth $938,000 after purchasing an additional 20,987 shares in the last quarter. Gradient Investments LLC purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the third quarter worth about $59,195,000. Envestnet Asset Management Inc. boosted its position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 23.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,289,661 shares of the company’s stock worth $108,232,000 after buying an additional 438,568 shares during the period. Citadel Advisors LLC grew its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 25.0% in the second quarter. Citadel Advisors LLC now owns 9,715 shares of the company’s stock valued at $459,000 after buying an additional 1,945 shares in the last quarter. Finally, Brown Financial Advisors grew its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 47.2% in the second quarter. Brown Financial Advisors now owns 104,423 shares of the company’s stock valued at $4,936,000 after buying an additional 33,479 shares in the last quarter.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Price Performance

Shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF stock traded up $0.33 during trading hours on Thursday, hitting $45.21. The company’s stock had a trading volume of 49,080 shares, compared to its average volume of 81,094. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 1-year low of $44.33 and a 1-year high of $48.98. The business has a fifty day moving average of $45.70 and a 200 day moving average of $46.64.

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.