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

BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 22,490 shares, a decline of 60.9% from the January 15th total of 57,554 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 16,752 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 16,752 shares, the short-interest ratio is currently 1.3 days. Currently, 0.5% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAXX. Sound Income Strategies LLC lifted its holdings in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 1.2% in the third quarter. Sound Income Strategies LLC now owns 18,971 shares of the company’s stock valued at $964,000 after buying an additional 225 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $205,000 after purchasing an additional 455 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF during the second quarter valued at approximately $32,000. Inspire Advisors LLC grew its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 12.9% in the third quarter. Inspire Advisors LLC now owns 6,029 shares of the company’s stock worth $307,000 after buying an additional 690 shares during the last quarter. Finally, CGN Advisors LLC increased its holdings in shares of BondBloxx IR+M Tax-Aware Short Duration ETF by 5.8% in the fourth quarter. CGN Advisors LLC now owns 19,230 shares of the company’s stock valued at $975,000 after buying an additional 1,050 shares in the last quarter.

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

Shares of NYSEARCA:TAXX traded down $0.01 during trading hours on Friday, hitting $50.97. The stock had a trading volume of 14,414 shares, compared to its average volume of 20,134. 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 stock’s fifty day simple moving average is $50.83 and its 200 day simple moving average is $50.84.

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

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1759 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd.

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.