BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) Sees Large Decrease in Short Interest

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 32,116 shares, a decrease of 69.8% from the August 15th total of 106,388 shares. Based on an average daily volume of 132,339 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 44.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 763 shares of the company’s stock worth $35,000 after acquiring an additional 236 shares during the last quarter. CoreCap Advisors LLC raised its stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 13.2% in the second quarter. CoreCap Advisors LLC now owns 2,080 shares of the company’s stock worth $95,000 after buying an additional 243 shares in the last quarter. Blue Trust Inc. raised its position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 40.0% in the 1st quarter. Blue Trust Inc. now owns 980 shares of the company’s stock worth $45,000 after acquiring an additional 280 shares in the last quarter. Spectrum Planning & Advisory Services Inc. raised its position in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 2.9% in the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 13,675 shares of the company’s stock worth $627,000 after acquiring an additional 385 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 8.4% during the first quarter. Sanctuary Advisors LLC now owns 5,420 shares of the company’s stock valued at $249,000 after buying an additional 420 shares during the period.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Performance

Shares of XTEN traded down $0.06 during trading hours on Friday, reaching $43.45. 363,665 shares of the company’s stock traded hands, compared to its average volume of 212,034. The firm’s 50 day simple moving average is $44.45 and its 200-day simple moving average is $45.27. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 12 month low of $43.45 and a 12 month high of $47.50.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Company Profile

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.