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

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 9,754 shares, a decrease of 40.2% from the May 31st total of 16,299 shares. Based on an average daily trading volume, of 42,706 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

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

Shares of TAXX stock remained flat at $50.63 on Friday. The company had a trading volume of 36,262 shares, compared to its average volume of 40,304. BondBloxx IR+M Tax-Aware Short Duration ETF has a 52-week low of $50.35 and a 52-week high of $51.13. The business has a 50 day moving average of $50.64 and a two-hundred day moving average of $50.73.

Institutional Trading of BondBloxx IR+M Tax-Aware Short Duration ETF

Several institutional investors and hedge funds have recently made changes to their positions in TAXX. Bridgewater Advisors Inc. bought a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the first quarter worth about $497,000. Cornerstone Advisors Asset Management LLC lifted its holdings in BondBloxx IR+M Tax-Aware Short Duration ETF by 60.0% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 78,788 shares of the company’s stock valued at $3,983,000 after buying an additional 29,558 shares in the last quarter. Assetmark Inc. purchased a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF in the 1st quarter valued at about $4,028,000. BCGM Wealth Management LLC boosted its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 6.8% in the 1st quarter. BCGM Wealth Management LLC now owns 107,931 shares of the company’s stock valued at $5,456,000 after buying an additional 6,826 shares during the period. Finally, Baer Investment Advisory LLC bought a new position in BondBloxx IR+M Tax-Aware Short Duration ETF in the 1st quarter worth about $1,587,000.

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.