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 decline in short interest in the month of May. As of May 15th, there was short interest totaling 208 shares, a decline of 89.2% from the April 30th total of 1,933 shares. Based on an average daily volume of 3,393 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Build Bond Innovation ETF Price Performance

BFIX stock remained flat at $25.26 during midday trading on Friday. 632 shares of the company’s stock were exchanged, compared to its average volume of 2,217. The stock’s 50 day simple moving average is $25.33 and its 200-day simple moving average is $25.40. Build Bond Innovation ETF has a 1 year low of $24.59 and a 1 year high of $26.60.

Hedge Funds Weigh In On Build Bond Innovation ETF

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada bought a new position in Build Bond Innovation ETF during the first quarter worth about $66,000. Blue Jean Financial LLC bought a new position in Build Bond Innovation ETF during the fourth quarter worth about $1,350,000. Orion Porfolio Solutions LLC increased 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 worth $659,000 after acquiring an additional 2,930 shares during the period. Vista Investment Partners II LLC increased 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 worth $731,000 after acquiring an additional 10,150 shares during the period. Finally, Jane Street Group LLC bought a new position in Build Bond Innovation ETF during the second quarter worth about $266,000.

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.