BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sets New 12-Month Low – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $49.20 and last traded at $49.21, with a volume of 574 shares traded. The stock had previously closed at $49.37.

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

The business has a 50-day moving average price of $49.38 and a 200-day moving average price of $49.48. The firm has a market capitalization of $716.79 million, a P/E ratio of -52.37 and a beta of 0.01.

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

Hedge funds have recently made changes to their positions 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% during the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after acquiring an additional 627 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the first quarter valued at about $68,000. American Trust acquired a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter worth about $95,000. Royal Bank of Canada raised its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after purchasing an additional 672 shares in the last quarter. Finally, Wealth Watch Advisors INC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth about $182,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

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.