BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Reaches New 12-Month Low – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares reached a new 52-week low on Friday . The stock traded as low as $49.27 and last traded at $49.28, with a volume of 41830 shares traded. The stock had previously closed at $49.30.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Down 0.0%

The company’s fifty day moving average price is $49.42 and its two-hundred day moving average price is $49.51. The firm has a market cap of $717.52 million, a P/E ratio of -52.43 and a beta of 0.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,417 shares of the company’s stock valued at $417,000 after acquiring an additional 317 shares during the period. CWM LLC raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% in the 4th quarter. CWM LLC now owns 15,225 shares of the company’s stock valued at $754,000 after acquiring an additional 363 shares during the period. Csenge Advisory Group raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 10.1% in the 4th quarter. Csenge Advisory Group now owns 5,161 shares of the company’s stock valued at $256,000 after acquiring an additional 475 shares during the period. Beacon Capital Management Inc. raised its position in shares of 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 during the period. Finally, Royal Bank of Canada raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the 4th quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.