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

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw an uptick in trading volume on Tuesday. Approximately 597,980 shares changed hands during trading, an increase of 403% from the previous session’s volume of 118,985 shares. The stock last traded at $49.1150 and had previously closed at $49.13.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The company has a market cap of $858.30 million, a P/E ratio of -52.27 and a beta of 0.01. The business has a fifty day simple moving average of $49.22 and a 200 day simple moving average of $49.31.

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

Several large investors have recently added to or reduced their stakes in XONE. Bank of America Corp DE grew its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.9% during 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 buying an additional 93,806 shares during the last quarter. Tanager Wealth Management LLP raised its stake in 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 acquiring an additional 386,502 shares during the period. Cetera Investment Advisers raised its stake in 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 acquiring an additional 41,110 shares during the period. Janney Montgomery Scott LLC raised its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% during the first quarter. Janney Montgomery Scott LLC now owns 188,386 shares of the company’s stock worth $9,329,000 after acquiring an additional 40,772 shares during the period. Finally, Empowered Funds LLC lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 12.8% in the first quarter. Empowered Funds LLC now owns 174,600 shares of the company’s stock worth $8,622,000 after acquiring an additional 19,800 shares during the last quarter. 47.99% of the stock is currently owned by institutional investors.

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.