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 target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 67,916 shares, a growth of 277.2% from the February 12th total of 18,004 shares. Based on an average daily volume of 18,611 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.4% of the company’s stock are short sold. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 18,611 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TAXX. EP Wealth Advisors LLC purchased a new position in BondBloxx IR+M Tax-Aware Short Duration ETF in the fourth quarter worth approximately $68,762,000. Thrivent Financial for Lutherans purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the fourth quarter valued at about $4,569,000. CWM LLC increased its stake in BondBloxx IR+M Tax-Aware Short Duration ETF by 24.9% in the 3rd quarter. CWM LLC now owns 338,615 shares of the company’s stock valued at $17,263,000 after buying an additional 67,402 shares during the period. Cornerstone Advisors Asset Management LLC purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the fourth quarter valued at approximately $2,497,000. Finally, Pineridge Advisors LLC purchased a new position in BondBloxx IR+M Tax-Aware Short Duration ETF in the third quarter valued at about $2,471,000.

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

BondBloxx IR+M Tax-Aware Short Duration ETF stock traded down $0.03 during trading hours on Wednesday, hitting $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 1 year low of $49.80 and a 1 year high of $51.20. The firm’s 50 day moving average price is $50.88 and its 200-day moving average price is $50.86.

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

The business also recently declared 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.