Build Bond Innovation ETF (NYSEARCA:BFIX – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 9,868 shares, a drop of 80.0% from the July 15th total of 49,243 shares. Based on an average daily volume of 1,245 shares, the short-interest ratio is currently 7.9 days. Approximately 1.8% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Blue Jean Financial LLC bought a new stake in Build Bond Innovation ETF during the fourth quarter valued at about $1,350,000. Orion Porfolio Solutions LLC raised its stake in shares of Build Bond Innovation ETF by 12.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 26,070 shares of the company’s stock worth $659,000 after acquiring an additional 2,930 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Build Bond Innovation ETF during the 2nd quarter worth approximately $266,000. Finally, Royal Bank of Canada purchased a new stake in Build Bond Innovation ETF during the first quarter valued at approximately $66,000.
Build Bond Innovation ETF Stock Performance
NYSEARCA:BFIX traded up $0.02 during trading hours on Thursday, reaching $25.01. The company’s stock had a trading volume of 472 shares, compared to its average volume of 2,639. Build Bond Innovation ETF has a 12 month low of $24.59 and a 12 month high of $26.60. The stock has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $25.28.
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.
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