BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Update

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 79,453 shares, a decrease of 60.9% from the July 30th total of 203,367 shares. Based on an average daily volume of 104,780 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the company’s stock are short sold.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Down 0.0%

NYSEARCA:XONE traded down $0.02 during mid-day trading on Friday, hitting $49.36. The company had a trading volume of 75,354 shares, compared to its average volume of 116,793. The business has a fifty day simple moving average of $49.31 and a 200-day simple moving average of $49.40. The firm has a market capitalization of $829.74 million, a price-to-earnings ratio of -52.51 and a beta of 0.01. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1 year low of $49.20 and a 1 year high of $49.70.

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

Several hedge funds have recently modified their holdings of the stock. Tanager Wealth Management LLP lifted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% during the 2nd quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock worth $46,580,000 after acquiring an additional 386,502 shares in the last quarter. Compass Financial Management LLC acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at approximately $308,000. ZEGA Investments LLC raised its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 22.3% during the second quarter. ZEGA Investments LLC now owns 20,062 shares of the company’s stock valued at $990,000 after purchasing an additional 3,664 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 23,044 shares of the company’s stock valued at $1,138,000 after purchasing an additional 540 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 25,496 shares of the company’s stock valued at $1,259,000 after purchasing an additional 498 shares during the period. 47.99% of the stock is currently owned by hedge funds and other institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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 one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.