Build Bond Innovation ETF (NYSEARCA:BFIX) Short Interest Update

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 3,549 shares, a decline of 79.0% from the December 31st total of 16,907 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 2,219 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 2,219 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Build Bond Innovation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of Build Bond Innovation ETF by 36.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,986 shares of the company’s stock valued at $301,000 after buying an additional 3,190 shares in the last quarter. Vista Investment Partners II LLC raised its position in Build Bond Innovation ETF by 54.1% during the fourth quarter. Vista Investment Partners II LLC now owns 28,926 shares of the company’s stock valued at $731,000 after purchasing an additional 10,150 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of 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 during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Build Bond Innovation ETF during the 2nd quarter valued at approximately $266,000.

Build Bond Innovation ETF Trading Down 0.0%

Shares of BFIX stock traded down $0.01 during trading hours on Wednesday, hitting $25.58. The stock had a trading volume of 2,729 shares, compared to its average volume of 1,713. The stock’s 50-day moving average price is $25.40 and its two-hundred day moving average price is $25.30. Build Bond Innovation ETF has a one year low of $24.51 and a one year high of $26.85.

Build Bond Innovation ETF Increases Dividend

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

About Build Bond Innovation ETF

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.