Build Bond Innovation ETF (NYSEARCA:BFIX – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 49,243 shares, an increase of 9,261.8% from the June 30th total of 526 shares. Approximately 9.8% of the shares of the stock are sold short. Based on an average daily volume of 12,122 shares, the days-to-cover ratio is currently 4.1 days.
Build Bond Innovation ETF Price Performance
BFIX stock traded up $0.01 during trading on Friday, hitting $24.98. 52 shares of the company’s stock traded hands, compared to its average volume of 2,798. Build Bond Innovation ETF has a 52 week low of $24.59 and a 52 week high of $26.60. The business has a fifty day simple moving average of $25.14 and a 200 day simple moving average of $25.34.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Blue Jean Financial LLC purchased a new position in Build Bond Innovation ETF in the fourth quarter worth about $1,350,000. 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 raised its position in Build Bond Innovation ETF by 12.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 26,070 shares of the company’s stock valued at $659,000 after purchasing an additional 2,930 shares during the period. Jane Street Group LLC purchased a new stake in Build Bond Innovation ETF during the second quarter valued at approximately $266,000. Finally, Royal Bank of Canada bought a new stake in Build Bond Innovation ETF in the first quarter worth $66,000.
Build Bond Innovation ETF Company Profile
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.
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