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) saw a large increase in short interest in 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. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 165,204 shares, the days-to-cover ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the second quarter worth about $32,000. JPMorgan Chase & Co. purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 3rd 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 approximately $245,000. Guild Investment Management Inc. increased its holdings in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 37.5% during the 4th quarter. Guild Investment Management Inc. now owns 5,500 shares of the company’s stock worth $280,000 after buying an additional 1,500 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 5,515 shares of the company’s stock worth $280,000 after buying an additional 1,500 shares during the last quarter.

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

Shares of TAXX remained flat at $50.60 during midday trading on Friday. The company’s stock had a trading volume of 31,006 shares, compared to its average volume of 45,015. BondBloxx IR+M Tax-Aware Short Duration ETF has a twelve month low of $50.35 and a twelve month high of $51.13. The business has a fifty day simple moving average of $50.64 and a 200 day simple moving average of $50.72.

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.