Short Interest in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) Rises By 132.3%

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 January. As of January 30th, there was short interest totaling 36,856 shares, an increase of 132.3% from the January 15th total of 15,863 shares. Based on an average daily trading volume, of 103,831 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 103,831 shares, the days-to-cover ratio is presently 0.4 days.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Trading Up 0.4%

NYSEARCA:XTEN traded up $0.19 during trading hours on Friday, reaching $47.01. 159,875 shares of the stock were exchanged, compared to its average volume of 115,029. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a twelve month low of $44.38 and a twelve month high of $47.82. The firm has a 50 day moving average of $46.33 and a 200 day moving average of $46.49.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.166 dividend. This is an increase from BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XTEN. Smartleaf Asset Management LLC increased its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 5.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 26,534 shares of the company’s stock worth $1,231,000 after buying an additional 1,472 shares during the last quarter. Safe Harbor Wealth Advisors LLC acquired a new position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 4th quarter worth about $616,000. Gen Wealth Partners Inc increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 14.1% during the 4th quarter. Gen Wealth Partners Inc now owns 40,480 shares of the company’s stock worth $1,871,000 after purchasing an additional 4,994 shares during the last quarter. Novus Advisors LLC bought a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF in the 4th quarter valued at about $215,000. Finally, Ausdal Financial Partners Inc. lifted its stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 9.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 10,802 shares of the company’s stock valued at $499,000 after purchasing an additional 902 shares during the last quarter.

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.