BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Sees Large Drop in Short Interest

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 8,336 shares, a decrease of 61.5% from the July 15th total of 21,629 shares. Based on an average daily volume of 26,004 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TAXX. Raymond James Financial Inc. purchased a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 2nd quarter valued at $32,000. JPMorgan Chase & Co. bought a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter valued at approximately $174,000. Indivisible Partners purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 4th quarter valued at $245,000. Farther Finance Advisors LLC boosted its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 37.4% during the fourth 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 during the period. Finally, Jane Street Group LLC purchased a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the 4th quarter valued at about $384,000.

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

Shares of BondBloxx IR+M Tax-Aware Short Duration ETF stock opened at $50.57 on Friday. The stock’s 50-day simple moving average is $50.58 and its 200 day simple moving average is $50.67. 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.