BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Strong Trading Volume – Time to Buy?

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) saw unusually-strong trading volume on Monday . Approximately 1,093,737 shares were traded during trading, an increase of 143% from the previous session’s volume of 449,263 shares.The stock last traded at $50.21 and had previously closed at $50.21.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

The firm’s fifty day moving average price is $50.28 and its 200-day moving average price is $50.31.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1398 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.3%.

Hedge Funds Weigh In On BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

A number of hedge funds have recently modified their holdings of the company. Astoria Portfolio Advisors LLC. bought a new stake in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the fourth quarter worth about $390,000. Cambient Family Office LLC purchased a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the 4th quarter valued at about $6,459,000. Note Advisors LLC raised its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 20.0% during the 4th quarter. Note Advisors LLC now owns 18,769 shares of the company’s stock valued at $945,000 after purchasing an additional 3,126 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 372.8% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 6,099 shares of the company’s stock valued at $308,000 after purchasing an additional 4,809 shares during the last quarter. Finally, Strong Retirement Solutions LLC purchased a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 4th quarter worth approximately $4,805,000.

About BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.