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

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 179,470 shares, an increase of 67.9% from the April 30th total of 106,868 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 120,101 shares, the short-interest ratio is currently 1.5 days.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Trading Down 0.4%

NYSEARCA:XTEN opened at $45.15 on Thursday. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 52 week low of $44.35 and a 52 week high of $47.50. The firm has a 50-day moving average price of $45.52 and a two-hundred day moving average price of $46.15.

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

Several large investors have recently modified their holdings of XTEN. CIBC Private Wealth Group LLC purchased a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 44.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 763 shares of the company’s stock worth $35,000 after purchasing an additional 236 shares during the last quarter. Blue Trust Inc. increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 40.0% during the 1st quarter. Blue Trust Inc. now owns 980 shares of the company’s stock worth $45,000 after purchasing an additional 280 shares during the last quarter. Beacon Capital Management Inc. increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 302.0% during the 4th quarter. Beacon Capital Management Inc. now owns 1,182 shares of the company’s stock worth $55,000 after purchasing an additional 888 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 28.2% during the 4th quarter. CoreCap Advisors LLC now owns 1,387 shares of the company’s stock worth $64,000 after purchasing an additional 305 shares during the last quarter.

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.