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

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 75,085 shares, an increase of 103.7% from the January 29th total of 36,856 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 117,063 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 117,063 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. bought a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 3rd quarter valued at $33,000. CIBC Private Wealth Group LLC acquired a new position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC increased its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 44.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 763 shares of the company’s stock worth $35,000 after purchasing an additional 236 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 64.2% in the third quarter. CoreCap Advisors LLC now owns 1,082 shares of the company’s stock valued at $50,000 after buying an additional 423 shares during the period. Finally, Beacon Capital Management Inc. raised its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 302.0% during the fourth quarter. Beacon Capital Management Inc. now owns 1,182 shares of the company’s stock valued at $55,000 after acquiring an additional 888 shares during the last quarter.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Performance

Shares of XTEN traded up $0.22 on Friday, reaching $47.47. 89,633 shares of the stock traded hands, compared to its average volume of 119,206. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 12 month low of $44.38 and a 12 month high of $47.82. The stock’s 50-day moving average price is $46.48 and its 200-day moving average price is $46.57.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Increases Dividend

The company 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 $0.166 per share. This is a boost from BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Company Profile

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.