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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw an uptick in trading volume on Wednesday . 533,761 shares traded hands during mid-day trading, an increase of 365% from the previous session’s volume of 114,819 shares.The stock last traded at $49.5950 and had previously closed at $49.61.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The stock’s 50-day simple moving average is $49.58 and its two-hundred day simple moving average is $49.59. The firm has a market capitalization of $717.64 million, a P/E ratio of -52.76 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1693 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. This is a boost from BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio (DPR) is currently -225.53%.

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

A number of hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 12.7% in the 2nd quarter. AE Wealth Management LLC now owns 1,054,535 shares of the company’s stock worth $52,337,000 after purchasing an additional 118,884 shares in the last quarter. CFS Investment Advisory Services LLC bought a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the third quarter valued at approximately $763,000. Warren Street Wealth Advisors LLC grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 12.9% during the third quarter. Warren Street Wealth Advisors LLC now owns 105,448 shares of the company’s stock valued at $5,237,000 after acquiring an additional 12,017 shares in the last quarter. Brookstone Capital Management bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at $215,000. Finally, Empowered Funds LLC purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter worth $4,865,000. Institutional investors 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.