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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 289,561 shares, a growth of 188.0% from the April 15th total of 100,548 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 110,967 shares, the days-to-cover ratio is presently 2.6 days.

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

Several large investors have recently modified their holdings of XONE. Northwestern Mutual Wealth Management Co. increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 460,466.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 635,582 shares of the company’s stock worth $31,484,000 after purchasing an additional 635,444 shares in the last quarter. Bank of America Corp DE increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% in the third quarter. Bank of America Corp DE now owns 1,808,944 shares of the company’s stock worth $89,832,000 after purchasing an additional 390,810 shares in the last quarter. Smith Moore & CO. increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 49.1% in the third quarter. Smith Moore & CO. now owns 741,133 shares of the company’s stock worth $36,805,000 after purchasing an additional 243,994 shares in the last quarter. Tanager Wealth Management LLP increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 45.8% in the first quarter. Tanager Wealth Management LLP now owns 556,988 shares of the company’s stock worth $27,582,000 after purchasing an additional 175,070 shares in the last quarter. Finally, Compass Financial Group Inc. Ohio purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth about $6,353,000. Hedge funds and other institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Down 0.0%

XONE traded down $0.01 during trading hours on Friday, hitting $49.37. The stock had a trading volume of 99,437 shares, compared to its average volume of 117,470. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1 year low of $49.32 and a 1 year high of $49.70. The company’s fifty day simple moving average is $49.44 and its 200 day simple moving average is $49.53. The stock has a market cap of $718.83 million, a PE ratio of -52.52 and a beta of 0.01.

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.