BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Short Interest Up 358.1% in June

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 44,680 shares, an increase of 358.1% from the June 15th total of 9,754 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 165,204 shares, the days-to-cover ratio is currently 0.3 days.

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

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

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

Shares of NYSEARCA:TAXX remained flat at $50.60 during midday trading on Friday. The stock had a trading volume of 31,006 shares, compared to its average volume of 45,015. The company has a 50-day simple moving average of $50.64 and a two-hundred day simple moving average of $50.72. BondBloxx IR+M Tax-Aware Short Duration ETF has a 52-week low of $50.35 and a 52-week high of $51.13.

About BondBloxx IR+M Tax-Aware Short Duration ETF

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.