Build Bond Innovation ETF (NYSEARCA:BFIX) Short Interest Update

Build Bond Innovation ETF (NYSEARCA:BFIX) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 3,549 shares, a decline of 79.0% from the December 31st total of 16,907 shares. Based on an average daily trading volume, of 2,219 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,219 shares, the days-to-cover ratio is currently 1.6 days.

Build Bond Innovation ETF Stock Performance

BFIX traded down $0.05 during trading on Thursday, hitting $25.53. 389 shares of the company traded hands, compared to its average volume of 1,642. The stock’s 50-day simple moving average is $25.40 and its two-hundred day simple moving average is $25.30. Build Bond Innovation ETF has a 1 year low of $24.51 and a 1 year high of $26.85.

Build Bond Innovation ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 29th will be given a $0.0678 dividend. The ex-dividend date is Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.2%.

Institutional Trading of Build Bond Innovation ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vista Investment Partners II LLC grew its holdings 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 worth $731,000 after purchasing an additional 10,150 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Build Bond Innovation ETF by 8.0% in 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 during the period. Jane Street Group LLC bought a new position in Build Bond Innovation ETF in the 2nd quarter worth about $266,000. Finally, Farther Finance Advisors LLC increased its position in shares of Build Bond Innovation ETF by 36.3% during the second quarter. Farther Finance Advisors LLC now owns 11,986 shares of the company’s stock worth $301,000 after acquiring an additional 3,190 shares during the period.

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.