BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Stock Short Interest Jumps 530.2%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 86,509 shares, a growth of 530.2% from the September 30th total of 13,728 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 107,319 shares, the short-interest ratio is currently 0.8 days.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Trading Down 0.0%

Shares of NYSEARCA XTWO traded down $0.01 during midday trading on Wednesday, reaching $48.50. The company had a trading volume of 40,110 shares, compared to its average volume of 52,611. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 1 year low of $48.17 and a 1 year high of $49.69. The business’s 50-day simple moving average is $48.51 and its 200 day simple moving average is $48.98.

Institutional Trading of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arvest Investments Inc. purchased a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth about $8,541,000. Bank of America Corp DE boosted its holdings in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% in the 1st quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock valued at $3,789,000 after acquiring an additional 8,576 shares during the last quarter. Partners Wealth Management LLC acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth $3,642,000. S&A Financial Services Inc. acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the first quarter worth $2,337,000. Finally, Strait & Sound Wealth Management LLC increased its stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% in the first quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock worth $2,246,000 after acquiring an additional 1,533 shares during the period.

About BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

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