BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) Sees Large Decline in Short Interest

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 23,461 shares, a drop of 35.0% from the May 31st total of 36,071 shares. Based on an average daily volume of 36,377 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Stock Down 0.5%

Shares of XFIV opened at $48.44 on Thursday. The business’s 50 day moving average is $48.66 and its two-hundred day moving average is $49.16. BondBloxx Bloomberg Five Year Target Duration US Treasury ETF has a 52-week low of $48.17 and a 52-week high of $50.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new stake in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF in the 1st quarter valued at about $55,000. Fifth Third Bancorp acquired a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the first quarter valued at approximately $59,000. Comerica Bank acquired a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the fourth quarter valued at approximately $61,000. Centaurus Financial Inc. bought a new position in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 1st quarter worth approximately $103,000. Finally, NewEdge Advisors LLC bought a new position in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $207,000.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Company Profile

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