BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Short Interest Up 277.2% in February

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 67,916 shares, a growth of 277.2% from the February 12th total of 18,004 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,611 shares, the short-interest ratio is presently 3.6 days. Based on an average daily trading volume, of 18,611 shares, the short-interest ratio is presently 3.6 days. Currently, 1.4% of the shares of the stock are short sold.

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

Shares of BondBloxx IR+M Tax-Aware Short Duration ETF stock traded down $0.09 on Thursday, hitting $50.67. 23,320 shares of the company traded hands, compared to its average volume of 20,128. BondBloxx IR+M Tax-Aware Short Duration ETF has a 12-month low of $49.80 and a 12-month high of $51.20. The firm’s 50-day simple moving average is $50.88 and its 200 day simple moving average is $50.86.

BondBloxx IR+M Tax-Aware Short Duration ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1603 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. EP Wealth Advisors LLC bought a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 4th quarter valued at about $68,762,000. Inspire Advisors LLC lifted its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 134.3% in the 4th quarter. Inspire Advisors LLC now owns 14,127 shares of the company’s stock worth $717,000 after buying an additional 8,098 shares during the last quarter. Stifel Financial Corp lifted its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 23.6% in the 4th quarter. Stifel Financial Corp now owns 37,259 shares of the company’s stock worth $1,890,000 after buying an additional 7,107 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in BondBloxx IR+M Tax-Aware Short Duration ETF by 38.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 46,645 shares of the company’s stock worth $2,366,000 after buying an additional 12,852 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the fourth quarter valued at approximately $384,000.

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.