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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw unusually-high trading volume on Wednesday . Approximately 514,883 shares changed hands during mid-day trading, an increase of 420% from the previous session’s volume of 98,957 shares.The stock last traded at $49.5950 and had previously closed at $49.59.

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

The company has a market cap of $689.87 million, a price-to-earnings ratio of -52.76 and a beta of 0.08. The firm has a 50-day simple moving average of $49.58 and a 200 day simple moving average of $49.57.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

A number of large investors have recently bought and sold shares of XONE. Ameritas Advisory Services LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at $27,000. Brookstone Capital Management acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at about $215,000. Kingdom Financial Group LLC. purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter valued at approximately $232,000. Csenge Advisory Group purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter valued at approximately $233,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter worth approximately $246,000. 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.