BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Short Interest Update

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 101,894 shares, an increase of 53.1% from the March 15th total of 66,544 shares. Based on an average daily volume of 59,933 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.8% of the shares of the company are short sold.

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

Shares of NYSEARCA TAXX traded up $0.04 during midday trading on Tuesday, reaching $50.62. 1,215 shares of the company traded hands, compared to its average volume of 29,917. BondBloxx IR+M Tax-Aware Short Duration ETF has a 52 week low of $49.83 and a 52 week high of $51.20. The stock has a 50-day moving average price of $50.76 and a 200 day moving average price of $50.81.

Institutional Investors Weigh In On BondBloxx IR+M Tax-Aware Short Duration ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the second quarter valued at about $3,431,000. AE Wealth Management LLC bought a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF in the third quarter worth about $610,000. CWM LLC raised its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 24.9% in the third quarter. CWM LLC now owns 338,615 shares of the company’s stock worth $17,263,000 after acquiring an additional 67,402 shares in the last quarter. Lake Street Private Wealth LLC raised its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 211.3% in the third quarter. Lake Street Private Wealth LLC now owns 17,214 shares of the company’s stock worth $878,000 after acquiring an additional 11,685 shares in the last quarter. Finally, Tanager Wealth Management LLP raised its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 32.6% in the third quarter. Tanager Wealth Management LLP now owns 179,433 shares of the company’s stock worth $9,147,000 after acquiring an additional 44,084 shares in the last quarter.

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.