Short Interest in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Increases By 73.5%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 24,955 shares, an increase of 73.5% from the July 15th total of 14,380 shares. Based on an average daily trading volume, of 129,852 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are sold short.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Up 0.0%

Shares of XTWO stock traded up $0.02 during trading hours on Tuesday, hitting $48.89. 8,973 shares of the company were exchanged, compared to its average volume of 44,681. The business has a 50 day moving average of $48.84 and a two-hundred day moving average of $49.10. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 52 week low of $48.59 and a 52 week high of $49.69.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth raised its stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 1.2% in the 4th quarter. Focus Partners Wealth now owns 309,663 shares of the company’s stock valued at $15,367,000 after purchasing an additional 3,631 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the fourth quarter worth about $12,150,000. Nemes Rush Group LLC boosted its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 28.7% during the fourth quarter. Nemes Rush Group LLC now owns 236,718 shares of the company’s stock worth $11,710,000 after buying an additional 52,739 shares during the period. STAR Financial Bank boosted its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 14.3% during the fourth quarter. STAR Financial Bank now owns 209,690 shares of the company’s stock worth $10,373,000 after buying an additional 26,178 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% during the first quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock worth $3,789,000 after buying an additional 8,576 shares in the last quarter.

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.