BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (NYSEARCA:TAXM) Sees Large Drop in Short Interest

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (NYSEARCA:TAXM) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 11,733 shares, a decline of 87.4% from the April 30th total of 93,456 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 2,586 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Investors Weigh In On BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Plum Street Advisors LLC purchased a new stake in BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents in the 4th quarter worth $306,000. Tanager Wealth Management LLP purchased a new stake in BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents in the 1st quarter worth $316,000. Goldman Sachs Group Inc. purchased a new stake in shares of BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents during the fourth quarter worth $387,000. Citadel Advisors LLC grew its holdings in shares of BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents by 86.8% during the third quarter. Citadel Advisors LLC now owns 9,503 shares of the company’s stock worth $477,000 after buying an additional 4,415 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents by 82.8% during the fourth quarter. Jane Street Group LLC now owns 18,988 shares of the company’s stock worth $954,000 after buying an additional 8,600 shares in the last quarter.

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents Price Performance

NYSEARCA TAXM traded up $0.08 on Thursday, hitting $50.23. The company had a trading volume of 301 shares, compared to its average volume of 4,658. The company’s fifty day moving average price is $50.06 and its 200-day moving average price is $50.32. BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents has a 12-month low of $48.64 and a 12-month high of $51.26.

About BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

The BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, investing in a portfolio of US dollar-denominated municipal securities and taxable fixed income instruments, aiming to provide attractive after-tax income specifically for Massachusetts residents. TAXM was launched on Mar 13, 2025 and is issued by BondBloxx.