Short Interest in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Increases By 734.0%

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 61,758 shares, an increase of 734.0% from the February 26th total of 7,405 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 110,636 shares, the short-interest ratio is currently 0.6 days.

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

Shares of XONE traded down $0.01 during midday trading on Thursday, reaching $49.44. 64,428 shares of the stock were exchanged, compared to its average volume of 105,479. The company has a market capitalization of $715.40 million, a P/E ratio of -52.60 and a beta of 0.08. 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’s 50 day moving average is $49.54 and its two-hundred day moving average is $49.58.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

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

Institutional Investors Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Several large investors have recently modified their holdings of XONE. Beacon Capital Management Inc. boosted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% during the fourth quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock valued at $41,000 after purchasing an additional 627 shares in the last quarter. American Trust bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth approximately $95,000. Royal Bank of Canada lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after buying an additional 672 shares during the period. Wealth Watch Advisors INC purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth $182,000. Finally, Csenge Advisory Group bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter valued at $233,000. Institutional investors own 47.99% of the company’s stock.

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.