BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 21,629 shares, a drop of 51.6% from the June 30th total of 44,680 shares. Based on an average daily trading volume, of 94,447 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the second quarter valued at $32,000. JPMorgan Chase & Co. bought a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter valued at about $174,000. Indivisible Partners purchased a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 4th quarter worth approximately $245,000. Guild Investment Management Inc. increased its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 37.5% during the fourth quarter. Guild Investment Management Inc. now owns 5,500 shares of the company’s stock worth $280,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in 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 buying an additional 1,500 shares during the last quarter.
BondBloxx IR+M Tax-Aware Short Duration ETF Stock Down 0.0%
BondBloxx IR+M Tax-Aware Short Duration ETF stock traded down $0.02 during mid-day trading on Wednesday, reaching $50.49. 11,854 shares of the stock traded hands, compared to its average volume of 43,263. 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’s 50-day moving average is $50.62 and its 200-day moving average is $50.70.
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.
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