BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Short Interest Down 40.2% in June

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 9,754 shares, a decrease of 40.2% from the May 31st total of 16,299 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 42,706 shares, the short-interest ratio is currently 0.2 days.

BondBloxx IR+M Tax-Aware Short Duration ETF Price Performance

Shares of NYSEARCA:TAXX traded down $0.14 during trading on Wednesday, hitting $50.60. 17,391 shares of the stock were exchanged, compared to its average volume of 40,337. BondBloxx IR+M Tax-Aware Short Duration ETF has a 1-year low of $50.35 and a 1-year high of $51.13. The company’s fifty day simple moving average is $50.65 and its 200-day simple moving average is $50.73.

Hedge Funds Weigh In On BondBloxx IR+M Tax-Aware Short Duration ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF in the second quarter valued at about $32,000. JPMorgan Chase & Co. bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 3rd quarter valued at approximately $174,000. Indivisible Partners bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 4th quarter valued at approximately $245,000. Guild Investment Management Inc. raised its holdings in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 37.5% in the 4th quarter. Guild Investment Management Inc. now owns 5,500 shares of the company’s stock worth $280,000 after buying an additional 1,500 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 5,515 shares of the company’s stock worth $280,000 after buying an additional 1,500 shares during the period.

BondBloxx IR+M Tax-Aware Short Duration ETF Company Profile

The BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking attractive after-tax income while preserving capital through investments in USD-denominated municipal and taxable short-duration fixed income securities. TAXX was launched on Mar 14, 2024 and is issued by BondBloxx.