ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Sees Large Drop in Short Interest

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 105 shares, a drop of 96.1% from the June 30th total of 2,717 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 591 shares, the days-to-cover ratio is currently 0.2 days.

ClearShares Piton Intermediate Fixed Income ETF Price Performance

PIFI stock traded up $0.19 during midday trading on Friday, reaching $92.85. The company had a trading volume of 726 shares, compared to its average volume of 975. ClearShares Piton Intermediate Fixed Income ETF has a 1 year low of $92.62 and a 1 year high of $96.79. The firm has a 50-day moving average price of $93.70 and a 200-day moving average price of $94.41.

Institutional Investors Weigh In On ClearShares Piton Intermediate Fixed Income ETF

An institutional investor recently bought a new position in ClearShares Piton Intermediate Fixed Income ETF stock. Flow Traders U.S. LLC acquired a new position in ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,616 shares of the company’s stock, valued at approximately $249,000. Flow Traders U.S. LLC owned approximately 0.25% of ClearShares Piton Intermediate Fixed Income ETF at the end of the most recent quarter.

About ClearShares Piton Intermediate Fixed Income ETF

The ClearShares Piton Intermediate Fixed Income ETF (PIFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a variety of USD-denominated bonds with an average portfolio maturity of 0-10 years, carrying an investment-grade rating. PIFI was launched on Oct 2, 2020 and is managed by ClearShares.