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

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXXGet Free Report) was the recipient of a large 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 trading volume of 26,004 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

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

Several institutional investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC acquired a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 4th quarter valued at about $68,762,000. Thrivent Financial for Lutherans bought a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the fourth quarter worth $4,569,000. Assetmark Inc. bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 1st quarter worth $4,028,000. Cornerstone Advisors Asset Management LLC purchased a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF in the 4th quarter valued at about $2,497,000. Finally, Tanager Wealth Management LLP increased its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 21.7% during the first quarter. Tanager Wealth Management LLP now owns 230,239 shares of the company’s stock valued at $11,640,000 after acquiring an additional 41,025 shares during the last quarter.

BondBloxx IR+M Tax-Aware Short Duration ETF Stock Up 0.2%

Shares of NYSEARCA:TAXX opened at $50.57 on Friday. The business has a fifty day simple moving average of $50.58 and a 200 day simple moving average of $50.67. BondBloxx IR+M Tax-Aware Short Duration ETF has a 12-month low of $50.35 and a 12-month high of $51.13.

About BondBloxx IR+M Tax-Aware Short Duration ETF

(Get Free Report)

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.

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