BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Strong Trading Volume – What’s Next?

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw unusually-strong trading volume on Tuesday. Approximately 597,980 shares changed hands during mid-day trading, an increase of 403% from the previous session’s volume of 118,985 shares. The stock last traded at $49.1150 and had previously closed at $49.13.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The firm has a market cap of $858.21 million, a price-to-earnings ratio of -52.26 and a beta of 0.01. The firm’s fifty day moving average is $49.22 and its two-hundred day moving average is $49.32.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.9% in the first quarter. Silver Oak Securities Incorporated now owns 8,417 shares of the company’s stock valued at $417,000 after purchasing an additional 317 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 25,496 shares of the company’s stock valued at $1,259,000 after acquiring an additional 498 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 23,044 shares of the company’s stock valued at $1,138,000 after acquiring an additional 540 shares during the period. Lido Advisors LLC raised its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 1.1% in the 1st quarter. Lido Advisors LLC now owns 68,650 shares of the company’s stock valued at $3,400,000 after acquiring an additional 748 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.8% in the first quarter. Quantinno Capital Management LP now owns 20,967 shares of the company’s stock worth $1,038,000 after purchasing an additional 955 shares during the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.

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.