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) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 39,900 shares, an increase of 42.5% from the September 30th total of 28,000 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 2.1 days. Approximately 1.3% of the company’s shares are sold short. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 2.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XTWO. JPMorgan Chase & Co. bought a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 2nd quarter valued at approximately $69,000. Osaic Holdings Inc. lifted its position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 3,754.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,970 shares of the company’s stock valued at $197,000 after acquiring an additional 3,867 shares in the last quarter. Meridian Wealth Management LLC bought a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 1st quarter valued at approximately $201,000. Tandem Investment Partners LLC bought a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter valued at approximately $243,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the 3rd quarter valued at approximately $252,000.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Down 0.3%

NYSEARCA:XTWO traded down $0.16 during mid-day trading on Monday, reaching $49.42. 23,973 shares of the company’s stock traded hands, compared to its average volume of 21,595. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 12-month low of $48.94 and a 12-month high of $49.72. The company has a 50 day moving average price of $49.56 and a 200-day moving average price of $49.43.

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.