Short Interest in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Decreases By 68.2%

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,121 shares, a decrease of 68.2% from the July 30th total of 19,271 shares. Based on an average daily trading volume, of 40,267 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Down 0.2%

NYSEARCA:XSVN opened at $46.65 on Thursday. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 1 year low of $46.36 and a 1 year high of $48.98. The stock’s 50 day simple moving average is $46.77 and its two-hundred day simple moving average is $47.34.

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

A number of institutional investors and hedge funds have recently made changes to their positions in XSVN. Goldman Sachs Group Inc. bought a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the first quarter worth $375,000. Jane Street Group LLC raised its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 23.5% in the first quarter. Jane Street Group LLC now owns 8,037 shares of the company’s stock valued at $384,000 after acquiring an additional 1,527 shares during the period. Cetera Investment Advisers purchased a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the second quarter valued at $227,000. Raymond James Financial Inc. bought a new stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the 2nd quarter worth about $29,000. Finally, Bank of America Corp DE boosted its stake in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 92,872 shares of the company’s stock worth $4,447,000 after purchasing an additional 4,065 shares during the period.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

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.