BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) Short Interest Down 40.2% in June

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,754 shares, a drop of 40.2% from the May 31st total of 16,299 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 42,706 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors have recently added to or reduced their stakes in TAXX. Bridgewater Advisors Inc. acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the first quarter worth about $497,000. Cornerstone Advisors Asset Management LLC lifted its stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 60.0% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 78,788 shares of the company’s stock valued at $3,983,000 after purchasing an additional 29,558 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 1st quarter worth about $4,028,000. BCGM Wealth Management LLC grew its holdings in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 6.8% during the 1st quarter. BCGM Wealth Management LLC now owns 107,931 shares of the company’s stock worth $5,456,000 after purchasing an additional 6,826 shares during the period. Finally, Baer Investment Advisory LLC acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the 1st quarter worth approximately $1,587,000.

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

Shares of NYSEARCA TAXX traded up $0.03 during trading on Thursday, hitting $50.63. 36,262 shares of the company traded hands, compared to its average volume of 40,304. The company has a 50-day moving average price of $50.64 and a 200-day moving average price of $50.73. BondBloxx IR+M Tax-Aware Short Duration ETF has a 1 year low of $50.35 and a 1 year 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.