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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 7,405 shares, a growth of 39.1% from the February 12th total of 5,325 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 119,577 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 119,577 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

NYSEARCA XONE remained flat at $49.46 on Friday. 71,848 shares of the company were exchanged, compared to its average volume of 112,913. The stock’s fifty day moving average price is $49.55 and its two-hundred day moving average price is $49.58. The firm has a market cap of $715.69 million, a price-to-earnings ratio of -52.62 and a beta of 0.08. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 12-month low of $49.40 and a 12-month high of $49.78.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1358 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, March 2nd. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s payout ratio is -221.28%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Beacon Capital Management Inc. lifted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock valued at $41,000 after acquiring an additional 627 shares in the last quarter. American Trust bought a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter worth approximately $95,000. Royal Bank of Canada grew its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the 4th quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after acquiring an additional 672 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at approximately $182,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter worth $232,000. 47.99% of the stock is currently owned by institutional investors.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.