BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Sees Large Growth in Short Interest

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 40,562 shares, a growth of 164.8% from the December 31st total of 15,317 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 24,031 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 24,031 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XTWO. Holcombe Financial Inc. raised its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 10.1% in the 3rd quarter. Holcombe Financial Inc. now owns 6,540 shares of the company’s stock worth $324,000 after acquiring an additional 602 shares in the last quarter. CWM LLC grew its holdings in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 7.4% during the third quarter. CWM LLC now owns 9,405 shares of the company’s stock valued at $466,000 after buying an additional 651 shares during the last quarter. Pineridge Advisors LLC lifted its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 175.5% in the 3rd quarter. Pineridge Advisors LLC now owns 1,758 shares of the company’s stock valued at $87,000 after acquiring an additional 1,120 shares in the last quarter. Tandem Investment Partners LLC boosted its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 28.4% during the 4th quarter. Tandem Investment Partners LLC now owns 6,300 shares of the company’s stock valued at $312,000 after purchasing an additional 1,395 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 2nd quarter valued at $69,000.

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

Shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF stock traded up $0.05 on Friday, hitting $49.57. The stock had a trading volume of 11,570 shares, compared to its average volume of 21,261. The stock’s 50-day simple moving average is $49.51 and its two-hundred day simple moving average is $49.50. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a one year low of $48.94 and a one year high of $49.72.

About BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

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