BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Strong Trading Volume – What’s Next?

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) shares saw unusually-strong trading volume on Wednesday . Approximately 779,680 shares traded hands during trading, an increase of 115% from the previous session’s volume of 363,010 shares.The stock last traded at $50.3750 and had previously closed at $50.36.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Stock Up 0.0%

The company has a 50 day simple moving average of $50.32 and a 200-day simple moving average of $50.31.

Institutional Trading of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

Several hedge funds have recently bought and sold shares of XHLF. Laurel Wealth Advisors LLC increased its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 5,375.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,558,296 shares of the company’s stock valued at $330,145,000 after purchasing an additional 6,438,526 shares in the last quarter. Q3 Asset Management purchased a new position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the 2nd quarter worth about $172,701,000. Total Investment Management Inc. bought a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the second quarter valued at about $93,670,000. Pasadena Private Wealth LLC purchased a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the third quarter worth about $20,397,000. Finally, Envestnet Asset Management Inc. raised its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 1,215.1% in the second quarter. Envestnet Asset Management Inc. now owns 347,553 shares of the company’s stock worth $17,496,000 after acquiring an additional 321,125 shares during the period.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Company Profile

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.