BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) Sees Large Drop in Short Interest

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 8,372 shares, a decrease of 42.7% from the May 14th total of 14,617 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 125,082 shares, the short-interest ratio is currently 0.1 days.

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

Hedge funds have recently modified their holdings of the company. Gradient Investments LLC raised its holdings in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 11.2% during the 4th quarter. Gradient Investments LLC now owns 771,343 shares of the company’s stock valued at $38,383,000 after buying an additional 77,936 shares during the period. WESPAC Advisors SoCal LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the first quarter worth $3,683,000. Nemes Rush Group LLC increased its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 28.6% in the fourth quarter. Nemes Rush Group LLC now owns 239,159 shares of the company’s stock worth $11,901,000 after purchasing an additional 53,234 shares during the period. Ausdal Financial Partners Inc. increased its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 118.4% in the third quarter. Ausdal Financial Partners Inc. now owns 82,752 shares of the company’s stock worth $4,124,000 after purchasing an additional 44,866 shares during the period. Finally, Oliver Luxxe Assets LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the fourth quarter worth $2,142,000.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Stock Up 0.1%

Shares of XTRE traded up $0.03 during mid-day trading on Monday, hitting $49.00. 26,899 shares of the stock were exchanged, compared to its average volume of 45,515. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a 52-week low of $48.79 and a 52-week high of $50.15. The firm has a 50-day moving average of $49.20 and a two-hundred day moving average of $49.55.

About BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

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