BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Hits New 1-Year Low – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s share price reached a new 52-week low on Wednesday . The company traded as low as $49.36 and last traded at $49.36, with a volume of 5238 shares traded. The stock had previously closed at $49.51.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The stock’s fifty day simple moving average is $49.53 and its 200-day simple moving average is $49.57. The company has a market capitalization of $750.61 million, a P/E ratio of -52.50 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1358 per share. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, March 2nd. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s payout ratio is currently -221.28%.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management Inc. increased its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after buying an additional 627 shares during the period. American Trust bought a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at approximately $95,000. Royal Bank of Canada boosted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after acquiring an additional 672 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth $182,000. Finally, Csenge Advisory Group bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the third quarter worth $233,000. 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.