BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Short Interest Down 61.5% in July

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

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

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in BondBloxx IR+M Tax-Aware Short Duration ETF in the 2nd quarter valued at about $32,000. JPMorgan Chase & Co. bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter worth approximately $174,000. Indivisible Partners acquired a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the fourth quarter valued at approximately $245,000. Farther Finance Advisors LLC grew its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 37.4% in the fourth quarter. Farther Finance Advisors LLC now owns 5,515 shares of the company’s stock valued at $280,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the fourth quarter worth approximately $384,000.

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

Shares of TAXX traded down $0.03 during midday trading on Friday, reaching $50.54. The stock had a trading volume of 12,180 shares, compared to its average volume of 41,505. The firm has a 50 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 one year low of $50.35 and a one year 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.