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

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) shares saw unusually-strong trading volume on Friday . Approximately 440,531 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 233,761 shares.The stock last traded at $50.26 and had previously closed at $50.25.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

The business has a fifty day simple moving average of $50.26 and a 200-day simple moving average of $50.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pineridge Advisors LLC lifted its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 41.1% in the 2nd quarter. Pineridge Advisors LLC now owns 2,199,830 shares of the company’s stock worth $110,607,000 after purchasing an additional 641,053 shares during the period. Carrera Capital Advisors bought a new position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the third quarter worth $94,235,000. Tanager Wealth Management LLP lifted its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 5.6% in the third quarter. Tanager Wealth Management LLP now owns 1,353,359 shares of the company’s stock valued at $68,263,000 after buying an additional 71,222 shares during the period. Northland Capital Management LLC bought a new stake in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF during the third quarter valued at $23,873,000. Finally, CWM LLC grew its holdings in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 2.5% during the 3rd quarter. CWM LLC now owns 443,091 shares of the company’s stock worth $22,350,000 after acquiring an additional 10,698 shares during the period.

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.