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) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 5,325 shares, a decline of 74.1% from the January 29th total of 20,553 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 96,583 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 96,583 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in XONE. Beacon Capital Management Inc. lifted its position 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 purchased a new stake in shares of 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 shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after purchasing an additional 672 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter valued at approximately $182,000. Finally, Brookstone Capital Management purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

Shares of XONE remained flat at $49.60 during trading hours on Thursday. The company had a trading volume of 69,088 shares, compared to its average volume of 114,497. 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. The stock’s 50 day moving average is $49.58 and its 200-day moving average is $49.59. The firm has a market cap of $717.71 million, a P/E ratio of -52.77 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Increases Dividend

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