Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Drops By 87.2%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 20,553 shares, a decrease of 87.2% from the January 15th total of 160,545 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 133,732 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 133,732 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of XONE traded down $0.02 during trading hours on Wednesday, hitting $49.54. The company’s stock had a trading volume of 26,841 shares, compared to its average volume of 108,790. The business has a 50 day simple moving average of $49.58 and a two-hundred day simple moving average of $49.58. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52-week low of $49.40 and a 52-week high of $49.78. The company has a market cap of $716.77 million, a price-to-earnings ratio of -52.70 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1693 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s payout ratio is presently -225.53%.

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

A number of large investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter valued at $27,000. Brookstone Capital Management purchased a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter worth about $215,000. Kingdom Financial Group LLC. purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter valued at approximately $232,000. Csenge Advisory Group purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the third quarter valued at approximately $233,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter worth approximately $246,000. 47.99% of the stock is owned by institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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 one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.