ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Short Interest Down 98.5% in June

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 103 shares, a decline of 98.5% from the May 31st total of 7,063 shares. Based on an average daily volume of 3,317 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

ClearShares Piton Intermediate Fixed Income ETF Price Performance

PIFI traded up $0.13 during trading on Friday, reaching $94.46. The stock had a trading volume of 16 shares, compared to its average volume of 1,002. The stock’s 50 day moving average is $94.13 and its two-hundred day moving average is $94.71. ClearShares Piton Intermediate Fixed Income ETF has a one year low of $93.45 and a one year high of $96.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ClearShares Piton Intermediate Fixed Income ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,616 shares of the company’s stock, valued at approximately $249,000. Flow Traders U.S. LLC owned 0.25% of ClearShares Piton Intermediate Fixed Income ETF at the end of the most recent reporting period.

About ClearShares Piton Intermediate Fixed Income ETF

The ClearShares Piton Intermediate Fixed Income ETF (PIFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a variety of USD-denominated bonds with an average portfolio maturity of 0-10 years, carrying an investment-grade rating. PIFI was launched on Oct 2, 2020 and is managed by ClearShares.