Short Interest in Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Drops By 75.0%

Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,298 shares, a decline of 75.0% from the May 31st total of 57,085 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 4,611 shares, the days-to-cover ratio is currently 3.1 days.

Allspring Broad Market Core Bond ETF Price Performance

NYSEARCA AFIX opened at $24.88 on Friday. The business’s 50 day moving average price is $24.82 and its 200-day moving average price is $25.03. Allspring Broad Market Core Bond ETF has a fifty-two week low of $24.51 and a fifty-two week high of $25.59.

Institutional Investors Weigh In On Allspring Broad Market Core Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AFIX. Jane Street Group LLC purchased a new position in shares of Allspring Broad Market Core Bond ETF during the 1st quarter worth about $1,053,000. Citadel Advisors LLC bought a new position in shares of Allspring Broad Market Core Bond ETF during the third quarter valued at approximately $6,115,000. Finally, Stiles Financial Services Inc grew its stake in shares of Allspring Broad Market Core Bond ETF by 32.6% during the first quarter. Stiles Financial Services Inc now owns 50,130 shares of the company’s stock valued at $1,249,000 after buying an additional 12,338 shares during the last quarter.

About Allspring Broad Market Core Bond ETF

The Allspring Broad Market Core Bond ETF (AFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and USD-denominated fixed income securities with broad credit and maturity. It seeks total return and primarily holds investment grade securities. AFIX was launched on Dec 4, 2024 and is issued by Allspring.