TAXS Short Volume
Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $8.0M, listed on NASDAQ, carrying a beta of 0.02 to the broader market. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE Short-term Focused Municipal Bond Index (Underlying Index). Led by David Michael Alongi CFA, public since 2025-08-19.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-06-01
- Short Volume
- 4.0K
- Total Volume
- 6.7K
- Short %
- 59.71%
- 30-Day Avg Short %
- 67.70%
Showing 30 days of FINRA short volume data for Northern Trust Short-Term Tax-Exempt Bond ETF.
Learn how short volume is reported and how to read the data →
Frequently asked TAXS short volume questions
- What is the daily TAXS short volume?
- As of Jun 1, 2026, Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) short volume is 4.0K shares against 6.7K total reported volume, or 59.71% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is TAXS short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does TAXS short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.