BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Reaches New 12-Month Low – Here’s Why

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $49.18 and last traded at $49.1850, with a volume of 60573 shares changing hands. The stock had previously closed at $49.22.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The firm has a market capitalization of $826.73 million, a price-to-earnings ratio of -52.32 and a beta of 0.01. The business’s 50 day moving average price is $49.30 and its 200-day moving average price is $49.38.

Hedge Funds Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 valued at $41,000 after purchasing an additional 627 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 1st quarter worth approximately $68,000. American Trust purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter worth approximately $95,000. Royal Bank of Canada raised its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the 4th quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after purchasing an additional 672 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 4th quarter worth approximately $182,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

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.