BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Reaches New 1-Year Low – What’s Next?

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

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The stock has a fifty day simple moving average of $49.30 and a 200 day simple moving average of $49.38. The firm has a market cap of $826.73 million, a P/E ratio of -52.32 and a beta of 0.01.

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. GatePass Capital LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter valued at $1,610,000. Nemes Rush Group LLC grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 28.3% during the 4th quarter. Nemes Rush Group LLC now owns 199,054 shares of the company’s stock worth $9,860,000 after purchasing an additional 43,949 shares during the last quarter. Compass Financial Group Inc. Ohio acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at $6,353,000. Tanager Wealth Management LLP increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 45.8% in the first quarter. Tanager Wealth Management LLP now owns 556,988 shares of the company’s stock valued at $27,582,000 after purchasing an additional 175,070 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% in the first quarter. Janney Montgomery Scott LLC now owns 188,386 shares of the company’s stock valued at $9,329,000 after buying an additional 40,772 shares during the last quarter. Hedge funds and other institutional investors 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.