Short Interest in Build Bond Innovation ETF (NYSEARCA:BFIX) Grows By 321.6%

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 877 shares, a growth of 321.6% from the May 14th total of 208 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,138 shares, the short-interest ratio is presently 0.8 days.

Build Bond Innovation ETF Stock Up 0.0%

Shares of Build Bond Innovation ETF stock opened at $25.17 on Friday. Build Bond Innovation ETF has a 52-week low of $24.59 and a 52-week high of $26.60. The company has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $25.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BFIX. Royal Bank of Canada purchased a new position in Build Bond Innovation ETF in the first quarter worth about $66,000. Jane Street Group LLC purchased a new position in Build Bond Innovation ETF in the second quarter worth about $266,000. Orion Porfolio Solutions LLC raised its holdings in Build Bond Innovation ETF by 8.0% in the third quarter. Orion Porfolio Solutions LLC now owns 23,140 shares of the company’s stock worth $585,000 after buying an additional 1,713 shares during the last quarter. Vista Investment Partners II LLC raised its holdings in Build Bond Innovation ETF by 54.1% in the fourth quarter. Vista Investment Partners II LLC now owns 28,926 shares of the company’s stock worth $731,000 after buying an additional 10,150 shares during the last quarter. Finally, Blue Jean Financial LLC purchased a new position in Build Bond Innovation ETF in the fourth quarter worth about $1,350,000.

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.