Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Expands By 39.1%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,405 shares, an increase of 39.1% from the February 12th total of 5,325 shares. Based on an average daily trading volume, of 119,577 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 119,577 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently made changes to their positions in XONE. Beacon Capital Management Inc. grew its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock valued at $41,000 after buying an additional 627 shares during the period. American Trust acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter worth approximately $95,000. Royal Bank of Canada boosted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after acquiring an additional 672 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at approximately $182,000. Finally, Kingdom Financial Group LLC. acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at approximately $232,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock remained flat at $49.46 on Friday. The company’s stock had a trading volume of 71,848 shares, compared to its average volume of 112,913. The firm has a market cap of $715.69 million, a P/E ratio of -52.62 and a beta of 0.08. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52-week low of $49.40 and a 52-week high of $49.78. The business has a 50 day moving average price of $49.55 and a 200-day moving average price of $49.58.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1358 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, March 2nd. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio (DPR) is presently -221.28%.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.