Short Interest in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) Increases By 56.5%

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 51,231 shares, an increase of 56.5% from the August 15th total of 32,741 shares. Based on an average trading volume of 87,845 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nemes Rush Group LLC increased its holdings in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 28.7% in the fourth quarter. Nemes Rush Group LLC now owns 236,718 shares of the company’s stock valued at $11,710,000 after purchasing an additional 52,739 shares in the last quarter. S&A Financial Services Inc. bought a new stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF in the first quarter valued at about $2,337,000. STAR Financial Bank increased its stake in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 14.3% in the 4th quarter. STAR Financial Bank now owns 209,690 shares of the company’s stock valued at $10,373,000 after acquiring an additional 26,178 shares during the last quarter. Lido Advisors LLC grew its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 18.7% in the fourth quarter. Lido Advisors LLC now owns 71,761 shares of the company’s stock valued at $3,550,000 after acquiring an additional 11,293 shares during the period. Finally, Bank of America Corp DE boosted its stake in BondBloxx Bloomberg Two Year Target Duration US Treasury ETF by 12.6% in the 1st quarter. Bank of America Corp DE now owns 76,857 shares of the company’s stock worth $3,789,000 after purchasing an additional 8,576 shares during the period.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Stock Up 0.1%

Shares of XTWO traded up $0.04 during mid-day trading on Thursday, hitting $48.42. The company’s stock had a trading volume of 9,374 shares, compared to its average volume of 48,295. The firm has a 50-day simple moving average of $48.77 and a 200 day simple moving average of $48.97. BondBloxx Bloomberg Two Year Target Duration US Treasury ETF has a 1-year low of $48.37 and a 1-year high of $49.69.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Company Profile

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