Short Interest in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) Decreases By 88.9%

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (NYSEARCA:XSVN) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 19,271 shares, a decrease of 88.9% from the July 15th total of 173,760 shares. Based on an average trading volume of 64,589 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently made changes to their positions in XSVN. Goldman Sachs Group Inc. acquired a new stake in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the first quarter valued at approximately $375,000. Jane Street Group LLC raised its holdings in shares of BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 23.5% in the 1st quarter. Jane Street Group LLC now owns 8,037 shares of the company’s stock valued at $384,000 after purchasing an additional 1,527 shares in the last quarter. Cetera Investment Advisers purchased a new position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the second quarter valued at $227,000. Raymond James Financial Inc. purchased a new position in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF in the second quarter valued at $29,000. Finally, Bank of America Corp DE lifted its holdings in BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 92,872 shares of the company’s stock worth $4,447,000 after buying an additional 4,065 shares during the last quarter.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Stock Up 0.4%

Shares of NYSEARCA XSVN traded up $0.18 during mid-day trading on Thursday, hitting $46.63. The company had a trading volume of 32,175 shares, compared to its average volume of 57,635. The business’s 50-day simple moving average is $46.85 and its 200 day simple moving average is $47.43. BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF has a 1-year low of $46.36 and a 1-year high of $48.98.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Company Profile

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