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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw strong trading volume on Wednesday. 179,268 shares were traded during trading, an increase of 47% from the average daily volume of 122,145 shares. The stock last traded at $49.0950 and had previously closed at $49.12.

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

The company has a market capitalization of $864.56 million, a PE ratio of -52.23 and a beta of 0.01. The business has a fifty day moving average of $49.17 and a 200 day moving average of $49.35.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.9% during the first 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 during the period. Tanager Wealth Management LLP increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.6% during the 3rd quarter. Tanager Wealth Management LLP now owns 1,260,741 shares of the company’s stock valued at $62,016,000 after purchasing an additional 317,251 shares during the period. Access Financial Services Inc. grew its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5.2% during the third quarter. Access Financial Services Inc. now owns 515,135 shares of the company’s stock worth $25,339,000 after acquiring an additional 25,555 shares during the period. Victory Financial Group LLC raised its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5.7% in the 3rd quarter. Victory Financial Group LLC now owns 411,789 shares of the company’s stock worth $20,256,000 after purchasing an additional 22,110 shares in the last quarter. Finally, eCIO Inc. lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 88.8% during the 3rd quarter. eCIO Inc. now owns 323,681 shares of the company’s stock valued at $15,893,000 after acquiring an additional 152,284 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.