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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 104,752 shares, a decline of 42.5% from the May 14th total of 182,298 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 95,734 shares, the days-to-cover ratio is presently 1.1 days.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Nemes Rush Group LLC boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 37.3% during the 3rd quarter. Nemes Rush Group LLC now owns 155,105 shares of the company’s stock worth $7,702,000 after acquiring an additional 42,101 shares in the last quarter. Smith Moore & CO. boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 7.9% during the 4th quarter. Smith Moore & CO. now owns 799,806 shares of the company’s stock worth $39,735,000 after acquiring an additional 58,673 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.4% in the 4th quarter. AE Wealth Management LLC now owns 1,163,083 shares of the company’s stock valued at $57,613,000 after purchasing an additional 48,748 shares during the period. Laurel Wealth Advisors LLC boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 62.0% in the 4th quarter. Laurel Wealth Advisors LLC now owns 38,935 shares of the company’s stock valued at $1,929,000 after purchasing an additional 14,900 shares during the period. Finally, Syon Capital LLC boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 13.0% in the 3rd quarter. Syon Capital LLC now owns 90,484 shares of the company’s stock valued at $4,493,000 after purchasing an additional 10,412 shares during the period. Hedge funds and other institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of XONE stock remained flat at $49.34 on Monday. The company had a trading volume of 135,901 shares, compared to its average volume of 114,590. The firm has a market capitalization of $718.39 million, a price-to-earnings ratio of -52.49 and a beta of 0.01. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52-week low of $49.27 and a 52-week high of $49.70. The firm has a 50-day moving average of $49.40 and a 200 day moving average of $49.50.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.