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) saw 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. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 21,135 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 21,135 shares, the short-interest ratio is currently 2.7 days. Approximately 1.2% of the shares of the stock are sold short.

BondBloxx IR+M Tax-Aware Short Duration ETF Trading Up 0.0%

Shares of TAXX opened at $50.96 on Monday. The company has a 50-day simple moving average of $50.80 and a 200-day simple moving average of $50.83. BondBloxx IR+M Tax-Aware Short Duration ETF has a 52-week low of $49.80 and a 52-week high of $51.20.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be issued a $0.1759 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the second quarter worth $32,000. JPMorgan Chase & Co. acquired a new position in shares of BondBloxx IR+M Tax-Aware Short Duration ETF during the 3rd quarter worth $174,000. Guild Investment Management Inc. purchased a new stake in shares of BondBloxx IR+M Tax-Aware Short Duration ETF in the 3rd quarter worth about $204,000. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 455 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in BondBloxx IR+M Tax-Aware Short Duration ETF during the 2nd quarter valued at about $273,000.

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.