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

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 11,872 shares, an increase of 1,598.4% from the November 30th total of 699 shares. Based on an average trading volume of 98,337 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 98,337 shares, the days-to-cover ratio is presently 0.1 days.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Price Performance

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF stock traded up $0.16 during trading hours on Wednesday, reaching $46.52. The company had a trading volume of 46,159 shares, compared to its average volume of 166,664. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 12-month low of $43.92 and a 12-month high of $47.82. The company has a 50-day moving average price of $46.77 and a 200 day moving average price of $46.28.

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

Several institutional investors have recently added to or reduced their stakes in XTEN. Blue Trust Inc. bought a new position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the third quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its holdings in 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. Smartleaf Asset Management LLC purchased a new position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 1st quarter valued at about $50,000. CoreCap Advisors LLC raised its position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 64.2% during the 3rd quarter. CoreCap Advisors LLC now owns 1,082 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares during the last quarter. Finally, Transce3nd LLC lifted its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 38.9% in the 2nd quarter. Transce3nd LLC now owns 1,503 shares of the company’s stock worth $69,000 after buying an additional 421 shares during the period.

About BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

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.