BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) Sees Significant Drop in Short Interest

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 14,647 shares, a drop of 68.3% from the June 30th total of 46,254 shares. Based on an average daily trading volume, of 206,163 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Stock Performance

Shares of NYSEARCA XFIV traded up $0.11 during midday trading on Tuesday, reaching $48.30. 13,171 shares of the company were exchanged, compared to its average volume of 77,849. BondBloxx Bloomberg Five Year Target Duration US Treasury ETF has a one year low of $47.98 and a one year high of $50.19. The stock’s 50-day moving average price is $48.46 and its 200-day moving average price is $49.00.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the first quarter valued at about $55,000. Fifth Third Bancorp bought a new position in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF in the 1st quarter valued at approximately $59,000. Comerica Bank acquired a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 4th quarter worth approximately $61,000. Centaurus Financial Inc. acquired a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 1st quarter worth approximately $103,000. Finally, NewEdge Advisors LLC acquired a new stake in BondBloxx Bloomberg Five Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $207,000.

About BondBloxx Bloomberg Five Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) 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 five years. XFIV was launched on Sep 13, 2022 and is managed by BondBloxx.