BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Hits New 52-Week Low – Here’s Why

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $49.20 and last traded at $49.21, with a volume of 574 shares traded. The stock had previously closed at $49.37.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The stock has a market cap of $769.60 million, a price-to-earnings ratio of -52.41 and a beta of 0.01. The stock’s 50-day simple moving average is $49.37 and its two-hundred day simple moving average is $49.47.

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

Several large investors have recently made changes to their positions in XONE. Silver Oak Securities Incorporated boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,417 shares of the company’s stock valued at $417,000 after acquiring an additional 317 shares in the last quarter. CWM LLC lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% during the 4th quarter. CWM LLC now owns 15,225 shares of the company’s stock valued at $754,000 after purchasing an additional 363 shares during the last quarter. Csenge Advisory Group boosted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 10.1% in the fourth quarter. Csenge Advisory Group now owns 5,161 shares of the company’s stock valued at $256,000 after buying an additional 475 shares in the last quarter. Beacon Capital Management Inc. boosted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the fourth quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock valued at $41,000 after buying an additional 627 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after buying an additional 672 shares during the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.

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.