BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) Sees Significant Decrease in Short Interest

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,372 shares, a decline of 42.7% from the May 14th total of 14,617 shares. Based on an average trading volume of 125,082 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

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

Several hedge funds have recently added to or reduced their stakes in XTRE. Gradient Investments LLC lifted its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 11.2% during the fourth quarter. Gradient Investments LLC now owns 771,343 shares of the company’s stock worth $38,383,000 after purchasing an additional 77,936 shares during the last quarter. WESPAC Advisors SoCal LLC bought a new stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the first quarter worth about $3,683,000. Nemes Rush Group LLC lifted its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 28.6% during the fourth quarter. Nemes Rush Group LLC now owns 239,159 shares of the company’s stock worth $11,901,000 after purchasing an additional 53,234 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 118.4% during the third quarter. Ausdal Financial Partners Inc. now owns 82,752 shares of the company’s stock worth $4,124,000 after purchasing an additional 44,866 shares during the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF in the 4th quarter worth $2,142,000.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Stock Up 0.1%

XTRE traded up $0.03 during trading on Tuesday, reaching $49.03. The stock had a trading volume of 80,859 shares, compared to its average volume of 45,824. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a one year low of $48.79 and a one year high of $50.15. The business has a 50-day moving average of $49.19 and a 200-day moving average of $49.55.

About BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

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.