BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Large Volume Increase – Still a Buy?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw unusually-high trading volume on Monday . Approximately 183,272 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 104,054 shares.The stock last traded at $49.51 and had previously closed at $49.47.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Up 0.1%

The firm has a 50 day moving average of $49.53 and a two-hundred day moving average of $49.58. The stock has a market capitalization of $716.41 million, a PE ratio of -52.67 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.1358 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio (DPR) is currently -221.28%.

Institutional Investors Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in XONE. Purpose Unlimited Inc. acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter valued at about $877,000. DUTCH ASSET Corp acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth about $495,000. Compass Financial Group Inc. Ohio acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth about $6,353,000. EP Wealth Advisors LLC purchased a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at about $414,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 16.2% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 7,738 shares of the company’s stock valued at $385,000 after purchasing an additional 1,080 shares in the last quarter. 47.99% of the stock is currently owned by hedge funds and other institutional investors.

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.