BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) Shares Shorted: Short Interest Down 94.4% in October

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (NYSEARCA:XTRE) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 42,983 shares, a decline of 94.4% from the September 30th total of 769,860 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 37,392 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XTRE. Dynamic Advisor Solutions LLC boosted its position in shares of BondBloxx Bloomberg Three Year Target Duration US Treasury ETF by 25.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 116,969 shares of the company’s stock valued at $5,735,000 after acquiring an additional 23,708 shares during the period. Capital Investment Counsel LLC bought a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the first quarter worth $815,000. Citadel Advisors LLC bought a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the second quarter worth $712,000. North Forty Two & Co. bought a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the third quarter worth $582,000. Finally, S&A Financial Services Inc. acquired a new position in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF during the 1st quarter valued at $570,000.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Price Performance

Shares of NYSEARCA XTRE traded down $0.02 during trading hours on Monday, hitting $48.20. 17,198 shares of the company’s stock were exchanged, compared to its average volume of 53,359. The company’s 50-day moving average price is $48.24 and its 200-day moving average price is $49.04. BondBloxx Bloomberg Three Year Target Duration US Treasury ETF has a 1-year low of $47.71 and a 1-year high of $50.15.

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.