BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Unusually-High Trading Volume – Here’s Why

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw strong trading volume on Thursday . 93,750 shares changed hands during trading, a decline of 20% from the previous session’s volume of 117,087 shares.The stock last traded at $49.37 and had previously closed at $49.33.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The company has a market capitalization of $822.01 million, a price-to-earnings ratio of -52.52 and a beta of 0.01. The stock has a fifty day simple moving average of $49.32 and a 200-day simple moving average of $49.43.

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

Institutional investors have recently made changes to their positions in the company. Smith Moore & CO. grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 7.9% during the fourth quarter. Smith Moore & CO. now owns 799,806 shares of the company’s stock valued at $39,735,000 after buying an additional 58,673 shares during the period. Nemes Rush Group LLC raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 28.3% in the fourth quarter. Nemes Rush Group LLC now owns 199,054 shares of the company’s stock worth $9,860,000 after acquiring an additional 43,949 shares during the period. GatePass Capital LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth about $1,610,000. Compass Financial Group Inc. Ohio purchased a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter worth about $6,353,000. Finally, AE Wealth Management LLC boosted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.4% during the 4th quarter. AE Wealth Management LLC now owns 1,163,083 shares of the company’s stock worth $57,613,000 after acquiring an additional 48,748 shares in the last quarter. 47.99% of the stock is owned by hedge funds and other institutional investors.

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.