BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Large Drop in Short Interest

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 20,553 shares, a decrease of 87.2% from the January 15th total of 160,545 shares. Based on an average trading volume of 133,732 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 133,732 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XONE. Ameritas Advisory Services LLC bought a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at about $27,000. Brookstone Capital Management acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at approximately $215,000. Kingdom Financial Group LLC. bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at approximately $232,000. Csenge Advisory Group bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter valued at approximately $233,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter worth approximately $246,000. 47.99% of the stock is owned by institutional investors and hedge funds.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Up 0.0%

Shares of NYSEARCA:XONE traded up $0.01 during trading on Tuesday, hitting $49.55. 64,580 shares of the company’s stock traded hands, compared to its average volume of 111,984. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52 week low of $49.40 and a 52 week high of $49.78. The company has a market cap of $716.99 million, a price-to-earnings ratio of -52.71 and a beta of 0.08. The company has a 50-day moving average price of $49.58 and a 200-day moving average price of $49.58.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1693 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 4.1%. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s payout ratio is presently -225.53%.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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 one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.