BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Hits New 12-Month Low – Should You Sell?

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $49.14 and last traded at $49.1410, with a volume of 4713 shares trading hands. The stock had previously closed at $49.17.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The firm has a fifty day moving average of $49.27 and a 200 day moving average of $49.35. The firm has a market capitalization of $869.60 million, a PE ratio of -52.27 and a beta of 0.01.

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

A number of hedge funds have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the first quarter valued at $68,000. Capital Investment Counsel LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 1st quarter worth $230,000. Compass Financial Management LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter worth $308,000. Silver Oak Securities Incorporated boosted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,417 shares of the company’s stock valued at $417,000 after buying an additional 317 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 117.3% in the 4th quarter. Global Retirement Partners LLC now owns 8,457 shares of the company’s stock valued at $419,000 after buying an additional 4,565 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.