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

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 86,509 shares, an increase of 530.2% from the September 30th total of 13,728 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 107,319 shares, the days-to-cover ratio is currently 0.8 days.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Price Performance

XTWO opened at $48.51 on Tuesday. The business’s fifty day simple moving average is $48.52 and its 200 day simple moving average is $48.99. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 52 week low of $48.17 and a 52 week high of $49.69.

Hedge Funds Weigh In On BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arvest Investments Inc. purchased a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 3rd quarter valued at about $8,541,000. North Forty Two & Co. purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth approximately $2,046,000. Elm3 Financial Group LLC purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the third quarter worth approximately $296,000. S&A Financial Services Inc. bought a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the first quarter valued at approximately $2,337,000. Finally, Bank of America Corp DE grew its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% during the first quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock valued at $3,789,000 after acquiring an additional 8,576 shares during the last quarter.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Company Profile

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.