Short Interest in Build Bond Innovation ETF (NYSEARCA:BFIX) Drops By 89.2%

Build Bond Innovation ETF (NYSEARCA:BFIX) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 208 shares, a drop of 89.2% from the April 30th total of 1,933 shares. Based on an average trading volume of 3,393 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in Build Bond Innovation ETF in the first quarter valued at $66,000. Orion Porfolio Solutions LLC boosted its holdings in Build Bond Innovation ETF by 12.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 26,070 shares of the company’s stock valued at $659,000 after acquiring an additional 2,930 shares during the last quarter. Jane Street Group LLC acquired a new position in Build Bond Innovation ETF in the second quarter valued at $266,000. Blue Jean Financial LLC acquired a new position in Build Bond Innovation ETF in the fourth quarter valued at $1,350,000. Finally, Vista Investment Partners II LLC boosted its holdings in Build Bond Innovation ETF by 54.1% in the fourth quarter. Vista Investment Partners II LLC now owns 28,926 shares of the company’s stock valued at $731,000 after acquiring an additional 10,150 shares during the last quarter.

Build Bond Innovation ETF Stock Performance

Build Bond Innovation ETF stock remained flat at $25.26 during midday trading on Friday. The company had a trading volume of 632 shares, compared to its average volume of 2,217. Build Bond Innovation ETF has a 52-week low of $24.59 and a 52-week high of $26.60. The firm has a fifty day moving average price of $25.33 and a 200-day moving average price of $25.40.

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.