BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Strong Trading Volume – What’s Next?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw unusually-high trading volume on Tuesday . Approximately 254,440 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 139,256 shares.The stock last traded at $49.48 and had previously closed at $49.47.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The firm has a market cap of $635.75 million, a price-to-earnings ratio of -52.63 and a beta of -0.15. The firm has a fifty day simple moving average of $49.53 and a two-hundred day simple moving average of $49.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XONE. Ameritas Advisory Services LLC purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth $32,000. Quest 10 Wealth Builders Inc. grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 124.3% during the first quarter. Quest 10 Wealth Builders Inc. now owns 940 shares of the company’s stock valued at $47,000 after buying an additional 521 shares during the period. Measured Risk Portfolios Inc. purchased a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at $185,000. Finally, Geneos Wealth Management Inc. raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 18.1% in the first quarter. Geneos Wealth Management Inc. now owns 3,982 shares of the company’s stock worth $198,000 after acquiring an additional 609 shares during the period. 47.99% of the stock is currently owned by hedge funds and other institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

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.