BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) Sees Significant Growth in Short Interest

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 42,600 shares, a growth of 270.4% from the September 30th total of 11,500 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 98,400 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 98,400 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XTEN. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the first quarter valued at approximately $828,000. Farther Finance Advisors LLC boosted its stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 34.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,275 shares of the company’s stock worth $105,000 after purchasing an additional 589 shares during the period. Gradient Investments LLC grew its position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 6.3% during the 2nd quarter. Gradient Investments LLC now owns 434,151 shares of the company’s stock worth $20,040,000 after purchasing an additional 25,687 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $203,000. Finally, Spire Wealth Management acquired a new stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the 1st quarter valued at $44,000.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Price Performance

XTEN opened at $46.93 on Friday. The business has a fifty day simple moving average of $46.71 and a 200-day simple moving average of $45.95. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a fifty-two week low of $43.92 and a fifty-two week high of $47.82.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Company Profile

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.