BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sets New 12-Month Low – Time to Sell?

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLFGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $50.14 and last traded at $50.15, with a volume of 8396 shares traded. The stock had previously closed at $50.30.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

The stock has a 50-day simple moving average of $50.25 and a two-hundred day simple moving average of $50.28.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 43.6% during the first quarter. Royal Bank of Canada now owns 19,881 shares of the company’s stock valued at $1,001,000 after purchasing an additional 6,040 shares during the period. Goldman Sachs Group Inc. bought a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 1st quarter worth approximately $413,000. Quantinno Capital Management LP bought a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 2nd quarter worth approximately $1,002,000. Ausdal Financial Partners Inc. bought a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 2nd quarter worth approximately $1,022,000. Finally, Jane Street Group LLC purchased a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the 2nd quarter valued at $521,000.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Company Profile

(Get Free Report)

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.

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