Short Interest in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) Grows By 84.6%

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 9,600 shares, an increase of 84.6% from the May 15th total of 5,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 27,100 shares, the short-interest ratio is presently 0.4 days.

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

Several institutional investors have recently added to or reduced their stakes in XTRE. Partners Wealth Management LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 4th quarter valued at $712,000. Exchange Capital Management Inc. purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 4th quarter valued at $793,000. Crew Capital Management Ltd. purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 4th quarter valued at $510,000. Nemes Rush Group LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 4th quarter valued at $3,287,000. Finally, Tandem Investment Partners LLC purchased a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 4th quarter valued at $219,000.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Stock Performance

XTRE traded down $0.01 during trading on Monday, hitting $49.34. 65,781 shares of the company’s stock traded hands, compared to its average volume of 24,769. The company’s 50 day simple moving average is $49.43 and its two-hundred day simple moving average is $49.16. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a 12-month low of $48.40 and a 12-month high of $50.13.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Company Profile

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