Short Interest in BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Decreases By 40.2%

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the recipient of a significant decrease in short interest in 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. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 42,706 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. EP Wealth Advisors LLC acquired a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the 4th quarter valued at $68,762,000. Thrivent Financial for Lutherans acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF in the 4th quarter worth $4,569,000. Assetmark Inc. bought a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 1st quarter worth about $4,028,000. Cornerstone Advisors Asset Management LLC bought a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 4th quarter worth about $2,497,000. Finally, Tanager Wealth Management LLP raised 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 buying an additional 41,025 shares during the last quarter.

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

NYSEARCA TAXX traded down $0.14 during trading on Wednesday, hitting $50.60. 17,391 shares of the company traded hands, compared to its average volume of 40,337. BondBloxx IR+M Tax-Aware Short Duration ETF has a 12 month low of $50.35 and a 12 month high of $51.13. The business has a fifty day simple moving average of $50.65 and a 200 day simple moving average of $50.73.

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.