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) shares saw strong trading volume on Thursday . Approximately 93,750 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 117,087 shares.The stock last traded at $49.37 and had previously closed at $49.33.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The business has a 50-day simple moving average of $49.32 and a 200-day simple moving average of $49.43. The company has a market cap of $822.01 million, a PE ratio of -52.52 and a beta of 0.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XONE. Jane Street Group LLC acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 1st quarter valued at $1,863,000. Flow Traders U.S. LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter worth $275,000. NewEdge Advisors LLC raised its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 176.5% during the second quarter. NewEdge Advisors LLC now owns 101,277 shares of the company’s stock worth $5,026,000 after acquiring an additional 64,655 shares during the period. Diversify Wealth Management LLC lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% during the second quarter. Diversify Wealth Management LLC now owns 13,465 shares of the company’s stock valued at $667,000 after purchasing an additional 2,021 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter valued at $993,000. 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.