ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Sees Significant Increase in Short Interest

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,717 shares, an increase of 2,537.9% from the June 15th total of 103 shares. Based on an average daily trading volume, of 802 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.3% of the shares of the company are short sold.

ClearShares Piton Intermediate Fixed Income ETF Price Performance

Shares of NYSEARCA:PIFI traded down $0.11 on Friday, reaching $93.18. The company’s stock had a trading volume of 15 shares, compared to its average volume of 1,010. ClearShares Piton Intermediate Fixed Income ETF has a 52-week low of $93.13 and a 52-week high of $96.79. The stock’s 50-day moving average is $93.92 and its two-hundred day moving average is $94.57.

Institutional Inflows and Outflows

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

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.