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 target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 22,490 shares, a drop of 60.9% from the January 15th total of 57,554 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 16,752 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 16,752 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CWM LLC grew its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 4.1% in the fourth quarter. CWM LLC now owns 352,367 shares of the company’s stock valued at $17,872,000 after purchasing an additional 13,752 shares during the last quarter. One Capital Management LLC grew its holdings in BondBloxx IR+M Tax-Aware Short Duration ETF by 1.0% in the 4th quarter. One Capital Management LLC now owns 201,934 shares of the company’s stock valued at $10,242,000 after buying an additional 2,077 shares during the last quarter. Tanager Wealth Management LLP grew its holdings in BondBloxx IR+M Tax-Aware Short Duration ETF by 5.5% in the 4th quarter. Tanager Wealth Management LLP now owns 189,214 shares of the company’s stock valued at $9,598,000 after buying an additional 9,781 shares during the last quarter. Delos Wealth Advisors LLC increased its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 8.1% in the 3rd quarter. Delos Wealth Advisors LLC now owns 115,332 shares of the company’s stock worth $5,880,000 after buying an additional 8,640 shares during the period. Finally, BCGM Wealth Management LLC increased its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 2.6% in the 4th quarter. BCGM Wealth Management LLC now owns 101,105 shares of the company’s stock worth $5,128,000 after buying an additional 2,598 shares during the period.

BondBloxx IR+M Tax-Aware Short Duration ETF Trading Down 0.0%

NYSEARCA TAXX traded down $0.01 on Friday, hitting $50.97. 14,414 shares of the stock traded hands, compared to its average volume of 20,134. The stock has a 50-day moving average of $50.83 and a 200 day moving average of $50.84. BondBloxx IR+M Tax-Aware Short Duration ETF has a twelve month low of $49.80 and a twelve month high of $51.20.

BondBloxx IR+M Tax-Aware Short Duration ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1759 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.