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

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) shares saw an uptick in trading volume on Thursday . 773,620 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 437,114 shares.The stock last traded at $50.27 and had previously closed at $50.26.

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

The company has a fifty day moving average of $50.25 and a 200-day moving average of $50.28.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XHLF. Q3 Asset Management lifted its holdings in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 37.5% during the 4th quarter. Q3 Asset Management now owns 4,798,145 shares of the company’s stock valued at $241,106,000 after buying an additional 1,309,242 shares during the last quarter. SoundView Advisors Inc. acquired a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the fourth quarter worth approximately $26,090,000. Royal Bank of Canada raised its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 1,592.7% during the fourth quarter. Royal Bank of Canada now owns 434,720 shares of the company’s stock valued at $21,845,000 after acquiring an additional 409,038 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 664,461.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 325,635 shares of the company’s stock valued at $16,363,000 after acquiring an additional 325,586 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 131.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 342,051 shares of the company’s stock valued at $17,188,000 after acquiring an additional 194,013 shares during the last quarter.

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.