BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Sees Large Drop in Short Interest

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,680 shares, a drop of 46.0% from the August 15th total of 6,820 shares. Based on an average trading volume of 13,382 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of BondBloxx IR+M Tax-Aware Short Duration ETF

A number of institutional investors have recently modified their holdings of TAXX. Thrivent Financial for Lutherans acquired a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the 4th quarter worth approximately $4,569,000. Laurel Oak Wealth Management LLC acquired a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the first quarter valued at approximately $503,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the first quarter worth $723,000. Tanager Wealth Management LLP lifted its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 21.7% in the first quarter. Tanager Wealth Management LLP now owns 230,239 shares of the company’s stock worth $11,640,000 after purchasing an additional 41,025 shares in the last quarter. Finally, Cornerstone Advisors Asset Management LLC boosted its holdings in BondBloxx IR+M Tax-Aware Short Duration ETF by 60.0% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 78,788 shares of the company’s stock worth $3,983,000 after purchasing an additional 29,558 shares during the last quarter.

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

NYSEARCA TAXX remained flat at $50.19 on Tuesday. 21,482 shares of the company were exchanged, compared to its average volume of 38,777. BondBloxx IR+M Tax-Aware Short Duration ETF has a 12-month low of $50.16 and a 12-month high of $51.13. The stock’s fifty day moving average price is $50.48 and its two-hundred day moving average price is $50.59.

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.