BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Hits New 12-Month Low – Here’s Why

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $49.15 and last traded at $49.1450, with a volume of 76215 shares. The stock had previously closed at $49.17.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Down 0.1%

The stock has a market cap of $826.13 million, a price-to-earnings ratio of -52.28 and a beta of 0.01. The stock’s fifty day moving average is $49.29 and its 200-day moving average is $49.36.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 16.1% in the 2nd quarter. NewEdge Advisors LLC now owns 57,470 shares of the company’s stock valued at $2,837,000 after buying an additional 7,955 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.9% during the second quarter. Baird Financial Group Inc. now owns 85,813 shares of the company’s stock worth $4,237,000 after acquiring an additional 2,447 shares in the last quarter. Citadel Advisors LLC lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 38.2% during the second quarter. Citadel Advisors LLC now owns 16,123 shares of the company’s stock worth $796,000 after acquiring an additional 4,457 shares in the last quarter. Tanager Wealth Management LLP grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% in the second quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock valued at $46,580,000 after acquiring an additional 386,502 shares during the period. Finally, Compass Financial Management LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at about $308,000. 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.