BondBloxx IR+M Tax-Aware Short Duration ETF (NYSEARCA:TAXX – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 21,629 shares, a decline of 51.6% from the June 30th total of 44,680 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 94,447 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On BondBloxx IR+M Tax-Aware Short Duration ETF
Several institutional investors have recently bought and sold shares of the company. CGN Advisors LLC increased its position in BondBloxx IR+M Tax-Aware Short Duration ETF by 6.1% in the second quarter. CGN Advisors LLC now owns 27,610 shares of the company’s stock worth $1,401,000 after buying an additional 1,595 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 1st quarter worth $497,000. Cornerstone Advisors Asset Management LLC increased its holdings in 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 worth $3,983,000 after acquiring an additional 29,558 shares during the last quarter. Assetmark Inc. bought a new stake in BondBloxx IR+M Tax-Aware Short Duration ETF in the 1st quarter valued at about $4,028,000. Finally, BCGM Wealth Management LLC lifted its holdings in BondBloxx IR+M Tax-Aware Short Duration ETF by 6.8% during the first quarter. BCGM Wealth Management LLC now owns 107,931 shares of the company’s stock valued at $5,456,000 after purchasing an additional 6,826 shares during the last quarter.
BondBloxx IR+M Tax-Aware Short Duration ETF Stock Performance
NYSEARCA TAXX traded up $0.05 during trading hours on Tuesday, reaching $50.51. 3,306 shares of the company were exchanged, compared to its average volume of 43,412. BondBloxx IR+M Tax-Aware Short Duration ETF has a 1 year low of $50.35 and a 1 year high of $51.13. The business’s 50 day simple moving average is $50.62 and its 200-day simple moving average is $50.71.
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.
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