Build Bond Innovation ETF (NYSEARCA:BFIX) Sees Large Growth in Short Interest

Build Bond Innovation ETF (NYSEARCA:BFIX) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 11,446 shares, an increase of 53.1% from the November 30th total of 7,478 shares. Based on an average daily trading volume, of 1,767 shares, the short-interest ratio is currently 6.5 days. Currently, 2.7% of the company’s stock are short sold. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,767 shares, the short-interest ratio is currently 6.5 days.

Build Bond Innovation ETF Price Performance

Shares of BFIX stock opened at $25.34 on Wednesday. The firm has a 50 day moving average of $25.36 and a two-hundred day moving average of $25.24. Build Bond Innovation ETF has a 52 week low of $24.51 and a 52 week high of $26.85.

Build Bond Innovation ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were issued a $0.0866 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a boost from Build Bond Innovation ETF’s previous monthly dividend of $0.07. The ex-dividend date was Thursday, December 18th.

Institutional Investors Weigh In On Build Bond Innovation ETF

Several large investors have recently bought and sold shares of BFIX. Orion Porfolio Solutions LLC raised its position in Build Bond Innovation ETF by 8.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 23,140 shares of the company’s stock valued at $585,000 after purchasing an additional 1,713 shares in the last quarter. Vista Investment Partners II LLC increased its stake in shares of Build Bond Innovation ETF by 13.8% during the third quarter. Vista Investment Partners II LLC now owns 18,776 shares of the company’s stock worth $475,000 after buying an additional 2,278 shares during the period. Farther Finance Advisors LLC raised its holdings in Build Bond Innovation ETF by 36.3% in the second quarter. Farther Finance Advisors LLC now owns 11,986 shares of the company’s stock valued at $301,000 after acquiring an additional 3,190 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Build Bond Innovation ETF in the second quarter worth approximately $266,000.

Build Bond Innovation ETF Company Profile

The Build Bond Innovation ETF (BFIX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a broad-based global portfolio of investment grade fixed income securities and US equity call options tied to the upside performance of the S&P 500 Index. BFIX was launched on Feb 9, 2022 and is managed by Build.