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

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 7,424 shares, an increase of 433.7% from the October 15th total of 1,391 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 55,289 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On BondBloxx IR+M Tax-Aware Short Duration ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TAXX. Integrated Wealth Concepts LLC lifted its position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 43.7% in the second quarter. Integrated Wealth Concepts LLC now owns 79,200 shares of the company’s stock valued at $4,019,000 after acquiring an additional 24,098 shares in the last quarter. Income Research & Management acquired a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter valued at $4,835,000. Gradient Investments LLC purchased a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the 3rd quarter worth about $544,000. Cornerstone Advisors Asset Management LLC increased its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 60.0% during the 1st 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 in the last quarter. Finally, Sweeney & Michel LLC increased its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 57.9% during the 3rd quarter. Sweeney & Michel LLC now owns 59,325 shares of the company’s stock worth $2,957,000 after purchasing an additional 21,754 shares in the last quarter.

BondBloxx IR+M Tax-Aware Short Duration ETF Stock Down 0.1%

Shares of TAXX stock traded down $0.04 during trading hours on Friday, hitting $50.16. The company’s stock had a trading volume of 23,324 shares, compared to its average volume of 38,757. The business has a fifty day moving average of $50.08 and a 200-day moving average of $50.51. BondBloxx IR+M Tax-Aware Short Duration ETF has a twelve month low of $49.72 and a twelve month high of $51.13.

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.