BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Shares Shorted: Short Interest Down 88.8% in October

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 9,699 shares, a drop of 88.8% from the October 15th total of 86,509 shares. Based on an average trading volume of 40,469 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA XTWO traded down $0.05 during trading on Wednesday, hitting $48.37. The stock had a trading volume of 6,363 shares, compared to its average volume of 53,420. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 12 month low of $48.17 and a 12 month high of $49.69. The firm has a fifty day moving average of $48.44 and a two-hundred day moving average of $48.93.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Arvest Investments Inc. purchased a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the third quarter worth about $8,541,000. Partners Wealth Management LLC purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter valued at about $3,642,000. Lido Advisors LLC purchased a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter valued at about $3,322,000. S&A Financial Services Inc. bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 1st quarter worth approximately $2,337,000. Finally, North Forty Two & Co. bought a new position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 3rd quarter worth approximately $2,046,000.

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.