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

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 103,251 shares, a decrease of 64.7% from the July 15th total of 292,107 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 238,435 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

Hedge funds have recently modified their holdings of the stock. Gradient Investments LLC raised its holdings in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 121.8% during the second quarter. Gradient Investments LLC now owns 1,904,730 shares of the company’s stock worth $86,818,000 after acquiring an additional 1,045,980 shares in the last quarter. Bank of America Corp DE increased its position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 928,641 shares of the company’s stock worth $42,866,000 after purchasing an additional 300,912 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 1st quarter worth about $9,111,000. DUTCH ASSET Corp acquired a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 4th quarter valued at about $8,530,000. Finally, Daviman Financial LLC acquired a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 4th quarter valued at about $6,952,000.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Performance

XTEN traded down $0.22 on Friday, reaching $44.26. 87,899 shares of the company traded hands, compared to its average volume of 211,443. The stock’s 50 day moving average price is $44.95 and its 200-day moving average price is $45.60. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 52-week low of $44.12 and a 52-week high of $47.50.

About BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

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.