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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw strong trading volume on Wednesday . 599,285 shares were traded during trading, an increase of 453% from the previous session’s volume of 108,312 shares.The stock last traded at $49.30 and had previously closed at $49.31.

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

The business has a 50-day moving average price of $49.32 and a 200-day moving average price of $49.44. The firm has a market capitalization of $784.04 million, a PE ratio of -52.43 and a beta of 0.01.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XONE. Beacon Capital Management Inc. increased its stake 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 worth $41,000 after acquiring an additional 627 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter valued at about $68,000. American Trust acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter valued at about $95,000. Royal Bank of Canada grew its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after purchasing an additional 672 shares during the period. Finally, Wealth Watch Advisors INC purchased a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at about $182,000. 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.