BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Stock Short Interest Climbs 172.8%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 108,854 shares, an increase of 172.8% from the September 30th total of 39,896 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 192,765 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XONE. Tanager Wealth Management LLP increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% in 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 during the last quarter. Partners Wealth Management LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter valued at about $9,299,000. S&A Financial Services Inc. acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the first quarter worth about $4,823,000. Bank of America Corp DE raised its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.9% during the 1st quarter. Bank of America Corp DE now owns 2,002,123 shares of the company’s stock worth $99,145,000 after purchasing an additional 93,806 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at about $2,986,000. Institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Up 0.1%

NYSEARCA:XONE traded up $0.04 during midday trading on Friday, reaching $49.31. The stock had a trading volume of 75,502 shares, compared to its average volume of 122,038. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 12-month low of $49.02 and a 12-month high of $49.68. The firm has a fifty day simple moving average of $49.20 and a two-hundred day simple moving average of $49.36. The stock has a market cap of $851.58 million, a P/E ratio of -52.46 and a beta of 0.01.

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.