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

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 2,030 shares, a drop of 91.0% from the August 31st total of 22,482 shares. Based on an average daily volume of 51,427 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Stock Down 0.1%

XTRE traded down $0.04 on Thursday, hitting $47.85. 6,146 shares of the company’s stock traded hands, compared to its average volume of 45,496. The company’s 50 day simple moving average is $48.58 and its 200-day simple moving average is $48.97. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a one year low of $47.83 and a one year high of $50.15.

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

Several institutional investors and hedge funds have recently modified their holdings of XTRE. Cetera Investment Advisers boosted its position in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 5,038 shares of the company’s stock valued at $249,000 after acquiring an additional 393 shares during the last quarter. Janney Montgomery Scott LLC increased its position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 12.4% in the first quarter. Janney Montgomery Scott LLC now owns 4,770 shares of the company’s stock worth $236,000 after purchasing an additional 525 shares during the last quarter. Barnes Wealth Management Group Inc raised its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 2.5% during the fourth quarter. Barnes Wealth Management Group Inc now owns 29,326 shares of the company’s stock valued at $1,459,000 after purchasing an additional 726 shares in the last quarter. Lido Advisors LLC raised its stake in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 3.9% during the first quarter. Lido Advisors LLC now owns 48,082 shares of the company’s stock valued at $2,381,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC lifted its position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 5.7% during the first quarter. Strait & Sound Wealth Management LLC now owns 37,334 shares of the company’s stock valued at $1,848,000 after purchasing an additional 2,023 shares during the last quarter.

About BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) 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 three years. XTRE was launched on Sep 13, 2022 and is managed by BondBloxx.