BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Stock Short Interest Rises 226.2%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 167,095 shares, an increase of 226.2% from the August 31st total of 51,231 shares. Based on an average daily trading volume, of 79,094 shares, the days-to-cover ratio is currently 2.1 days. Currently, 3.1% of the shares of the stock are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of XTWO. S&A Financial Services Inc. acquired a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 1st quarter valued at $2,337,000. Bank of America Corp DE lifted its holdings in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% during the first quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock valued at $3,789,000 after acquiring an additional 8,576 shares during the period. Strait & Sound Wealth Management LLC boosted its stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock valued at $2,246,000 after purchasing an additional 1,533 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,476 shares of the company’s stock worth $615,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. lifted its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 7.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 13,136 shares of the company’s stock valued at $652,000 after purchasing an additional 874 shares during the last quarter.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Price Performance

Shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF stock traded up $0.07 during trading on Friday, hitting $48.35. 54,500 shares of the company’s stock traded hands, compared to its average volume of 49,116. The firm’s fifty day moving average price is $48.70 and its 200 day moving average price is $48.92. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a twelve month low of $48.26 and a twelve month high of $49.69.

About BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

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