Build Bond Innovation ETF (NYSEARCA:BFIX) Sees Significant Increase in Short Interest

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,933 shares, a growth of 193.8% from the April 15th total of 658 shares. Based on an average daily trading volume, of 1,437 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Build Bond Innovation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC grew its holdings in Build Bond Innovation ETF by 12.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 26,070 shares of the company’s stock worth $659,000 after buying an additional 2,930 shares in the last quarter. Jane Street Group LLC bought a new position in Build Bond Innovation ETF in the 2nd quarter worth approximately $266,000. Blue Jean Financial LLC bought a new position in Build Bond Innovation ETF in the 4th quarter worth approximately $1,350,000. Finally, Vista Investment Partners II LLC grew its holdings in Build Bond Innovation ETF by 54.1% in the 4th 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 in the last quarter.

Build Bond Innovation ETF Stock Performance

BFIX stock traded down $0.04 on Friday, reaching $25.28. The company’s stock had a trading volume of 2,066 shares, compared to its average volume of 2,327. Build Bond Innovation ETF has a 52 week low of $24.59 and a 52 week high of $26.60. The firm has a fifty day moving average of $25.36 and a two-hundred day moving average of $25.41.

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.