BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Large Volume Increase – Here’s What Happened

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) saw strong trading volume on Wednesday . 533,761 shares traded hands during mid-day trading, an increase of 365% from the previous session’s volume of 114,819 shares.The stock last traded at $49.5950 and had previously closed at $49.61.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Up 0.1%

The firm has a market cap of $718.15 million, a P/E ratio of -52.80 and a beta of 0.08. The business’s fifty day simple moving average is $49.58 and its 200-day simple moving average is $49.59.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.1693 per share. This is a positive change from BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s payout ratio is currently -225.53%.

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

Several hedge funds and other institutional investors have recently modified their holdings of XONE. Beacon Capital Management Inc. lifted its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the fourth quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after buying an additional 627 shares in the last quarter. American Trust bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter worth approximately $95,000. Royal Bank of Canada boosted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the 4th quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after purchasing an additional 672 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter valued at $182,000. Finally, Kingdom Financial Group LLC. purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter valued at $232,000. 47.99% of the stock is currently owned by institutional investors.

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.