BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sets New 52-Week Low – Here’s Why

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) reached a new 52-week low during trading on Tuesday . The company traded as low as $49.18 and last traded at $49.1850, with a volume of 10159 shares changing hands. The stock had previously closed at $49.35.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The firm has a 50 day simple moving average of $49.31 and a two-hundred day simple moving average of $49.39. The stock has a market cap of $826.88 million, a price-to-earnings ratio of -52.33 and a beta of 0.01.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter worth approximately $1,863,000. Flow Traders U.S. LLC bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at approximately $275,000. NewEdge Advisors LLC increased its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 176.5% in the second quarter. NewEdge Advisors LLC now owns 101,277 shares of the company’s stock valued at $5,026,000 after purchasing an additional 64,655 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% in the second quarter. Diversify Wealth Management LLC now owns 13,465 shares of the company’s stock worth $667,000 after purchasing an additional 2,021 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter worth $993,000. 47.99% of the stock is owned by institutional investors.

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.