BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Strong Trading Volume – Still a Buy?

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) saw an uptick in trading volume on Wednesday . 1,522,341 shares were traded during mid-day trading, an increase of 604% from the previous session’s volume of 216,365 shares.The stock last traded at $50.34 and had previously closed at $50.32.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

The firm’s 50 day simple moving average is $50.26 and its two-hundred day simple moving average is $50.27.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XHLF. Northwest Capital Management Inc boosted its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 670.6% in the third quarter. Northwest Capital Management Inc now owns 917 shares of the company’s stock valued at $46,000 after acquiring an additional 798 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 4th quarter worth about $56,000. Endeavor Private Wealth Inc. bought a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 4th quarter worth about $77,000. Avior Wealth Management LLC grew its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 135.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,196 shares of the company’s stock valued at $111,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the 3rd quarter valued at about $202,000.

About BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.