BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Stock Short Interest Falls 91.8%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 13,728 shares, a decline of 91.8% from the September 15th total of 167,095 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 77,737 shares, the days-to-cover ratio is presently 0.2 days.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Trading Down 0.0%

NYSEARCA:XTWO traded down $0.01 during trading hours on Friday, reaching $48.33. The company’s stock had a trading volume of 63,137 shares, compared to its average volume of 53,589. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a one year low of $48.17 and a one year high of $49.69. The business’s 50-day moving average is $48.60 and its 200-day moving average is $48.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XTWO. Elm3 Financial Group LLC bought a new stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the 3rd quarter worth $296,000. S&A Financial Services Inc. bought a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF during the first quarter valued at about $2,337,000. Bank of America Corp DE boosted its holdings 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 period. Strait & Sound Wealth Management LLC grew its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3.5% in the first quarter. Strait & Sound Wealth Management LLC now owns 45,557 shares of the company’s stock valued at $2,246,000 after purchasing an additional 1,533 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,476 shares of the company’s stock valued at $615,000 after purchasing an additional 1,499 shares during the last quarter.

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.