BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) saw unusually-high trading volume on Wednesday . Approximately 1,522,341 shares traded hands during trading, an increase of 604% from the previous session’s volume of 216,365 shares.The stock last traded at $50.34 and had previously closed at $50.32.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Stock Performance

The business’s 50 day moving average is $50.26 and its two-hundred day moving average is $50.27.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Etesian Wealth Advisors Inc. purchased a new position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the third quarter valued at about $505,000. Envestnet Asset Management Inc. grew its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 15.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 53,193 shares of the company’s stock valued at $2,675,000 after buying an additional 7,039 shares in the last quarter. JDM Financial Group LLC increased its stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 10,231.6% in the 3rd quarter. JDM Financial Group LLC now owns 288,253 shares of the company’s stock worth $14,539,000 after acquiring an additional 285,463 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 18.1% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 5,620 shares of the company’s stock worth $283,000 after acquiring an additional 860 shares in the last quarter. Finally, Northwest Capital Management Inc boosted its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 670.6% during the 3rd quarter. Northwest Capital Management Inc now owns 917 shares of the company’s stock valued at $46,000 after acquiring an additional 798 shares during the last quarter.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Company Profile

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.