BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Short Interest Down 42.9% in September

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 40,200 shares, a decrease of 42.9% from the August 31st total of 70,400 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XTWO. JPMorgan Chase & Co. acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the second quarter valued at about $69,000. Osaic Holdings Inc. raised its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3,754.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,970 shares of the company’s stock worth $197,000 after buying an additional 3,867 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the first quarter valued at about $201,000. Jane Street Group LLC acquired a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $320,000. Finally, Holcombe Financial Inc. acquired a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the first quarter worth $376,000.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Price Performance

Shares of XTWO stock opened at $49.47 on Monday. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 52-week low of $48.94 and a 52-week high of $49.72. The company’s 50 day moving average is $49.49 and its 200 day moving average is $49.40.

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.