BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Shares Shorted: Short Interest Up 433.7% in October

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the target of a large increase in short interest in 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. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 55,289 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently added to or reduced their stakes in the business. Income Research & Management acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter worth approximately $4,835,000. Assetmark Inc. purchased a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 1st quarter valued at $4,028,000. Cornerstone Advisors Asset Management LLC raised its stake in BondBloxx IR+M Tax-Aware Short Duration ETF by 37.8% during the 3rd quarter. Cornerstone Advisors Asset Management LLC now owns 108,577 shares of the company’s stock worth $5,413,000 after acquiring an additional 29,789 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the 3rd quarter worth $1,268,000. Finally, Integrated Wealth Concepts LLC raised its stake in BondBloxx IR+M Tax-Aware Short Duration ETF by 43.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 79,200 shares of the company’s stock worth $4,019,000 after acquiring an additional 24,098 shares in the last quarter.

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

Shares of NYSEARCA:TAXX traded down $0.06 on Thursday, hitting $50.20. 23,985 shares of the company’s stock were exchanged, compared to its average volume of 38,842. BondBloxx IR+M Tax-Aware Short Duration ETF has a 1-year low of $49.72 and a 1-year high of $51.13. The firm’s 50-day moving average is $50.09 and its 200 day moving average is $50.52.

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.