BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Large Drop in Short Interest

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 54,256 shares, a drop of 44.6% from the April 30th total of 97,857 shares. Based on an average daily trading volume, of 417,327 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Stock Performance

Shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF stock remained flat at $50.18 during trading hours on Tuesday. 279,301 shares of the company’s stock were exchanged, compared to its average volume of 449,560. BondBloxx Bloomberg Six Month Target Duration US Treasury ETF has a 12-month low of $50.17 and a 12-month high of $50.42. The business has a 50 day simple moving average of $50.26 and a two-hundred day simple moving average of $50.29.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XHLF. Q3 Asset Management raised its holdings in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 37.5% in the fourth quarter. Q3 Asset Management now owns 4,798,145 shares of the company’s stock valued at $241,106,000 after purchasing an additional 1,309,242 shares during the last quarter. SoundView Advisors Inc. bought a new position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the fourth quarter valued at about $26,090,000. Royal Bank of Canada lifted its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 1,592.7% during the fourth quarter. Royal Bank of Canada now owns 434,720 shares of the company’s stock valued at $21,845,000 after purchasing an additional 409,038 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 664,461.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 325,635 shares of the company’s stock valued at $16,363,000 after purchasing an additional 325,586 shares in the last quarter. Finally, Pineridge Advisors LLC lifted its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 11.5% during the third quarter. Pineridge Advisors LLC now owns 2,132,997 shares of the company’s stock valued at $107,546,000 after purchasing an additional 220,236 shares in the last quarter.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.