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) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 26,480 shares, a growth of 123.1% from the May 31st total of 11,868 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 25,231 shares, the short-interest ratio is currently 1.0 days.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Down 0.7%

Shares of XTWO stock traded down $0.36 during trading hours on Wednesday, hitting $48.59. 70,716 shares of the company were exchanged, compared to its average volume of 34,478. The business has a 50 day moving average of $49.00 and a two-hundred day moving average of $49.26. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 52 week low of $48.59 and a 52 week high of $49.69.

Institutional Trading of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the second quarter worth about $69,000. Jane Street Group LLC bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 2nd quarter valued at about $320,000. Bank of America Corp DE increased its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 14.5% in the second quarter. Bank of America Corp DE now owns 48,650 shares of the company’s stock valued at $2,410,000 after acquiring an additional 6,175 shares during the last quarter. Osaic Holdings Inc. raised its holdings in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3,754.4% during the second quarter. Osaic Holdings Inc. now owns 3,970 shares of the company’s stock worth $197,000 after acquiring an additional 3,867 shares in the last quarter. Finally, Orion Porfolio Solutions LLC bought a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the third quarter worth about $2,316,000.

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.