BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Unusually-High Trading Volume – Time to Buy?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw an uptick in trading volume on Tuesday . 288,544 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 117,779 shares.The stock last traded at $49.1750 and had previously closed at $49.16.

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

The firm has a fifty day moving average price of $49.28 and a 200 day moving average price of $49.35. The firm has a market cap of $826.46 million, a PE ratio of -52.30 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 have recently bought and sold shares of XONE. Tanager Wealth Management LLP increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% during the second quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock valued at $46,580,000 after acquiring an additional 386,502 shares during the last quarter. Compass Financial Group Inc. Ohio acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter worth approximately $6,353,000. S&A Financial Services Inc. acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 1st quarter worth approximately $4,823,000. Bank of America Corp DE boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.9% during the 1st quarter. Bank of America Corp DE now owns 2,002,123 shares of the company’s stock worth $99,145,000 after purchasing an additional 93,806 shares during the period. Finally, Confluence Investment Management LLC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $2,986,000. 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.