BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Reaches New 1-Year Low – Time to Sell?

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.14 and last traded at $50.15, with a volume of 41656 shares traded. The stock had previously closed at $50.29.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

The firm has a 50-day moving average price of $50.24 and a 200 day moving average price of $50.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 9.4% during the first quarter. Bank of America Corp DE now owns 946,074 shares of the company’s stock worth $47,616,000 after buying an additional 81,667 shares in the last quarter. Royal Bank of Canada increased its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 44.8% during the first quarter. Royal Bank of Canada now owns 629,578 shares of the company’s stock worth $31,687,000 after acquiring an additional 194,858 shares during the period. JDM Financial Group LLC increased its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 4.7% during the fourth quarter. JDM Financial Group LLC now owns 552,344 shares of the company’s stock worth $27,755,000 after acquiring an additional 25,037 shares during the period. SoundView Advisors Inc. bought a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the fourth quarter worth about $26,090,000. Finally, Bank of Montreal Can raised its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 1.8% in the 4th quarter. Bank of Montreal Can now owns 486,556 shares of the company’s stock worth $24,449,000 after purchasing an additional 8,712 shares in the last quarter.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.