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 reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $49.02 and last traded at $49.0350, with a volume of 3744 shares. The stock had previously closed at $49.16.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The business’s fifty day simple moving average is $49.26 and its 200 day simple moving average is $49.34. The stock has a market cap of $852.75 million, a price-to-earnings ratio of -52.20 and a beta of 0.01.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Nemes Rush Group LLC grew its stake 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 valued at $9,860,000 after purchasing an additional 43,949 shares in the last quarter. Compass Financial Group Inc. Ohio acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter valued at approximately $6,353,000. Tanager Wealth Management LLP raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% in the 2nd quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock valued at $46,580,000 after purchasing an additional 386,502 shares in the last quarter. S&A Financial Services Inc. purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter valued at approximately $4,823,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% during the 1st 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. 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.