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

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 57,554 shares, a growth of 71.4% from the December 31st total of 33,588 shares. Based on an average daily trading volume, of 21,135 shares, the short-interest ratio is presently 2.7 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 21,135 shares, the short-interest ratio is presently 2.7 days.

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

Shares of NYSEARCA:TAXX traded up $0.01 on Friday, hitting $50.96. The company’s stock had a trading volume of 12,703 shares, compared to its average volume of 18,900. BondBloxx IR+M Tax-Aware Short Duration ETF has a 1 year low of $49.80 and a 1 year high of $51.20. The company has a 50-day simple moving average of $50.80 and a 200 day simple moving average of $50.83.

Hedge Funds Weigh In On BondBloxx IR+M Tax-Aware Short Duration ETF

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the 2nd quarter valued at $32,000. JPMorgan Chase & Co. purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter worth approximately $174,000. Guild Investment Management Inc. purchased a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the third quarter worth approximately $204,000. Farther Finance Advisors LLC boosted its holdings in BondBloxx IR+M Tax-Aware Short Duration ETF by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,015 shares of the company’s stock valued at $205,000 after purchasing an additional 455 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 2nd quarter worth $273,000.

BondBloxx IR+M Tax-Aware Short Duration ETF Company Profile

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.