BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sets New 12-Month Low – Here’s Why

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) hit a new 52-week low during trading on Thursday . The stock traded as low as $49.18 and last traded at $49.1850, with a volume of 60573 shares. The stock had previously closed at $49.22.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Down 0.0%

The stock has a fifty day moving average of $49.29 and a 200-day moving average of $49.37. The firm has a market capitalization of $826.38 million, a P/E ratio of -52.30 and a beta of 0.01.

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

Large investors have recently modified their holdings of the stock. Beacon Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 627 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter worth $68,000. American Trust bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter valued at $95,000. Royal Bank of Canada boosted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the 4th quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after buying an additional 672 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter valued at $182,000. 47.99% of the stock is currently owned by institutional investors and hedge funds.

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.