BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE – Get Free Report) saw unusually-high trading volume on Tuesday. 597,980 shares traded hands during trading, an increase of 403% from the previous session’s volume of 118,985 shares. The stock last traded at $49.1150 and had previously closed at $49.13.
BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance
The company has a market cap of $858.21 million, a P/E ratio of -52.26 and a beta of 0.01. The firm’s 50-day moving average is $49.22 and its two-hundred day moving average is $49.32.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XONE. Elm3 Financial Group LLC boosted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 36.6% during the 3rd quarter. Elm3 Financial Group LLC now owns 7,535 shares of the company’s stock worth $371,000 after purchasing an additional 2,018 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter worth $2,972,000. Envestnet Asset Management Inc. boosted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 16.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 105,029 shares of the company’s stock valued at $5,185,000 after purchasing an additional 15,194 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 16.1% during the 2nd quarter. NewEdge Advisors LLC now owns 57,470 shares of the company’s stock worth $2,837,000 after buying an additional 7,955 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.9% during the second quarter. Baird Financial Group Inc. now owns 85,813 shares of the company’s stock worth $4,237,000 after acquiring an additional 2,447 shares during the last quarter. Hedge funds and other 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.
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