BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Hits New 1-Year Low – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $49.36 and last traded at $49.36, with a volume of 5238 shares changing hands. The stock had previously closed at $49.51.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Down 0.3%

The stock has a market capitalization of $750.61 million, a P/E ratio of -52.50 and a beta of 0.08. The business’s fifty day simple moving average is $49.53 and its two-hundred day simple moving average is $49.57.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1358 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, March 2nd. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio (DPR) is presently -221.28%.

Institutional Investors Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in XONE. Jane Street Group LLC acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 1st quarter valued at approximately $1,863,000. Flow Traders U.S. LLC acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $275,000. NewEdge Advisors LLC increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 176.5% during the second quarter. NewEdge Advisors LLC now owns 101,277 shares of the company’s stock valued at $5,026,000 after purchasing an additional 64,655 shares during the period. Diversify Wealth Management LLC increased its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% during the second quarter. Diversify Wealth Management LLC now owns 13,465 shares of the company’s stock valued at $667,000 after purchasing an additional 2,021 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the second quarter valued at $993,000. 47.99% of the stock is owned by institutional investors and hedge funds.

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.