Build Bond Innovation ETF (NYSEARCA:BFIX) Sees Large Growth in Short Interest

Build Bond Innovation ETF (NYSEARCA:BFIX) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 49,243 shares, a growth of 9,261.8% from the June 30th total of 526 shares. Currently, 9.8% of the shares of the company are short sold. Based on an average daily trading volume, of 12,122 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Investors Weigh In On Build Bond Innovation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new position in Build Bond Innovation ETF during the first quarter valued at approximately $66,000. Jane Street Group LLC bought a new stake in shares of Build Bond Innovation ETF during the 2nd quarter valued at $266,000. Orion Porfolio Solutions LLC lifted its stake in shares of Build Bond Innovation ETF by 8.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 23,140 shares of the company’s stock valued at $585,000 after buying an additional 1,713 shares in the last quarter. Vista Investment Partners II LLC lifted its position in shares of 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 valued at $731,000 after acquiring an additional 10,150 shares in the last quarter. Finally, Blue Jean Financial LLC purchased a new stake in shares of Build Bond Innovation ETF during the fourth quarter worth about $1,350,000.

Build Bond Innovation ETF Stock Up 0.0%

BFIX traded up $0.01 during trading on Friday, hitting $24.98. The company’s stock had a trading volume of 52 shares, compared to its average volume of 2,798. Build Bond Innovation ETF has a one year low of $24.59 and a one year high of $26.60. The business’s 50 day simple moving average is $25.14 and its 200-day simple moving average is $25.34.

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.