BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Unusually-High Trading Volume – Here’s What Happened

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares saw unusually-high trading volume on Wednesday . Approximately 514,883 shares traded hands during mid-day trading, an increase of 420% from the previous session’s volume of 98,957 shares.The stock last traded at $49.5950 and had previously closed at $49.59.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Up 0.0%

The business has a 50 day simple moving average of $49.59 and a two-hundred day simple moving average of $49.58. The stock has a market cap of $690.08 million, a price-to-earnings ratio of -52.78 and a beta of 0.08.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% during the 3rd quarter. Bank of America Corp DE now owns 1,808,944 shares of the company’s stock worth $89,832,000 after acquiring an additional 390,810 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5.7% during the third quarter. AE Wealth Management LLC now owns 1,114,335 shares of the company’s stock worth $55,338,000 after purchasing an additional 59,800 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5,493.4% in the second quarter. Laurel Wealth Advisors LLC now owns 867,533 shares of the company’s stock worth $43,056,000 after purchasing an additional 852,023 shares in the last quarter. Smith Moore & CO. increased its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 7.9% in the fourth quarter. Smith Moore & CO. now owns 799,806 shares of the company’s stock valued at $39,735,000 after buying an additional 58,673 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.1% in the third quarter. Focus Partners Wealth now owns 746,616 shares of the company’s stock valued at $37,077,000 after buying an additional 22,411 shares during the last quarter. 47.99% of the stock is owned by institutional investors and hedge funds.

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.