BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Short Interest Down 65.8% in May

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,588 shares, a drop of 65.8% from the April 30th total of 19,286 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 40,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the second quarter valued at approximately $29,000. EP Wealth Advisors LLC purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 4th quarter worth approximately $215,000. Cetera Investment Advisers purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 2nd quarter worth approximately $227,000. Goldman Sachs Group Inc. bought a new position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the 1st quarter valued at approximately $375,000. Finally, Jane Street Group LLC increased its position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 23.5% during the 1st quarter. Jane Street Group LLC now owns 8,037 shares of the company’s stock valued at $384,000 after buying an additional 1,527 shares in the last quarter.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA XSVN traded up $0.06 during midday trading on Friday, hitting $47.29. The company’s stock had a trading volume of 62,690 shares, compared to its average volume of 58,961. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a one year low of $46.48 and a one year high of $48.98. The stock has a fifty day moving average price of $47.42 and a 200 day moving average price of $47.94.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Company Profile

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