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

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 67,916 shares, an increase of 277.2% from the February 12th total of 18,004 shares. Based on an average daily volume of 18,611 shares, the short-interest ratio is presently 3.6 days. Approximately 1.4% of the shares of the company are sold short. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 18,611 shares, the short-interest ratio is presently 3.6 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the second quarter worth about $32,000. JPMorgan Chase & Co. acquired a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 3rd quarter worth about $174,000. Guild Investment Management Inc. acquired a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the third quarter valued at approximately $204,000. Farther Finance Advisors LLC increased its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,015 shares of the company’s stock worth $205,000 after buying an additional 455 shares during the period. Finally, Indivisible Partners acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the fourth quarter worth approximately $245,000.

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

BondBloxx IR+M Tax-Aware Short Duration ETF stock traded down $0.03 during midday trading on Wednesday, reaching $50.75. 8,947 shares of the stock traded hands, compared to its average volume of 19,715. BondBloxx IR+M Tax-Aware Short Duration ETF has a fifty-two week low of $49.80 and a fifty-two week high of $51.20. The firm has a fifty day moving average price of $50.88 and a two-hundred day moving average price of $50.86.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1603 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.