BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Strong Trading Volume – Time to Buy?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw strong trading volume on Tuesday . 288,544 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 117,779 shares.The stock last traded at $49.1750 and had previously closed at $49.16.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The business has a 50 day simple moving average of $49.28 and a 200 day simple moving average of $49.35. The company has a market capitalization of $826.46 million, a price-to-earnings ratio of -52.30 and a beta of 0.01.

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

Several hedge funds have recently bought and sold shares of XONE. Bank of America Corp DE grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 2,002,123 shares of the company’s stock valued at $99,145,000 after acquiring an additional 93,806 shares in the last quarter. Tanager Wealth Management LLP lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% during the second quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock worth $46,580,000 after purchasing an additional 386,502 shares in the last quarter. Focus Partners Wealth lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 6.3% during the fourth quarter. Focus Partners Wealth now owns 793,807 shares of the company’s stock worth $39,442,000 after purchasing an additional 47,191 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 22.6% during the first quarter. Cetera Investment Advisers now owns 222,999 shares of the company’s stock worth $11,043,000 after purchasing an additional 41,110 shares in the last quarter. Finally, Nemes Rush Group LLC boosted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 28.3% in the fourth quarter. Nemes Rush Group LLC now owns 199,054 shares of the company’s stock valued at $9,860,000 after purchasing an additional 43,949 shares during the period. 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.