Short Interest in Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Drops By 75.0%

Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 14,298 shares, a decrease of 75.0% from the May 31st total of 57,085 shares. Based on an average daily trading volume, of 4,611 shares, the short-interest ratio is presently 3.1 days. Approximately 0.2% of the shares of the stock are sold short.

Allspring Broad Market Core Bond ETF Stock Performance

Shares of Allspring Broad Market Core Bond ETF stock opened at $24.88 on Friday. The stock’s 50-day simple moving average is $24.82 and its 200-day simple moving average is $25.03. Allspring Broad Market Core Bond ETF has a 52 week low of $24.51 and a 52 week high of $25.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in Allspring Broad Market Core Bond ETF by 4.4% during the fourth quarter. Jane Street Group LLC now owns 36,232 shares of the company’s stock valued at $909,000 after buying an additional 1,529 shares during the last quarter. Stiles Financial Services Inc grew its position in Allspring Broad Market Core Bond ETF by 32.6% in the first quarter. Stiles Financial Services Inc now owns 50,130 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,338 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Allspring Broad Market Core Bond ETF in the third quarter worth about $6,115,000.

About Allspring Broad Market Core Bond ETF

The Allspring Broad Market Core Bond ETF (AFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and USD-denominated fixed income securities with broad credit and maturity. It seeks total return and primarily holds investment grade securities. AFIX was launched on Dec 4, 2024 and is issued by Allspring.