Short Interest in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) Declines By 68.3%

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 14,647 shares, a decline of 68.3% from the June 30th total of 46,254 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 206,163 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Wealth Management LLC purchased a new stake in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the second quarter worth approximately $222,000. S&A Financial Services Inc. purchased a new position in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 1st quarter worth $1,924,000. Bank of America Corp DE boosted its holdings in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF by 26.3% in the first quarter. Bank of America Corp DE now owns 421,177 shares of the company’s stock valued at $20,705,000 after acquiring an additional 87,796 shares in the last quarter. Strait & Sound Wealth Management LLC purchased a new stake in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF in the first quarter valued at about $250,000. Finally, Centaurus Financial Inc. acquired a new position in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the first quarter worth about $103,000.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Price Performance

Shares of XFIV traded up $0.09 during mid-day trading on Monday, hitting $48.19. 22,950 shares of the company’s stock were exchanged, compared to its average volume of 78,302. BondBloxx Bloomberg Five Year Target Duration US Treasury ETF has a fifty-two week low of $47.98 and a fifty-two week high of $50.19. The business’s 50 day moving average is $48.46 and its two-hundred day moving average is $49.01.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Company Profile

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