BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Short Interest Down 68.2% in August

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,121 shares, a decrease of 68.2% from the July 30th total of 19,271 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,267 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XSVN. Gradient Investments LLC grew its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 38.8% during the second quarter. Gradient Investments LLC now owns 1,480,690 shares of the company’s stock worth $69,992,000 after buying an additional 414,200 shares in the last quarter. WESPAC Advisors SoCal LLC purchased a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the first quarter valued at approximately $3,757,000. Wealthcare Capital Management LLC purchased a new position in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the second quarter valued at approximately $3,343,000. JDM Financial Group LLC acquired a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF during the fourth quarter worth approximately $2,417,000. Finally, Bank of America Corp DE grew its stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 28.4% in the 1st quarter. Bank of America Corp DE now owns 191,754 shares of the company’s stock worth $9,150,000 after acquiring an additional 42,465 shares during the period.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Down 0.4%

Shares of NYSEARCA:XSVN traded down $0.19 on Friday, hitting $46.42. The company had a trading volume of 25,411 shares, compared to its average volume of 56,153. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 52-week low of $46.36 and a 52-week high of $48.98. The business has a 50 day moving average of $46.76 and a 200 day moving average of $47.33.

About BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

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