Build Bond Innovation ETF (NYSEARCA:BFIX) Sees Large Drop in Short Interest

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a significant decline in short interest in the month of 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. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 2,219 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 2,219 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Build Bond Innovation ETF

Several hedge funds have recently made changes to their positions in the business. Vista Investment Partners II LLC lifted its position 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 in the last quarter. Orion Porfolio Solutions LLC increased its stake 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 last quarter. Jane Street Group LLC bought a new stake in Build Bond Innovation ETF during the 2nd quarter worth about $266,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Build Bond Innovation ETF by 36.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,986 shares of the company’s stock worth $301,000 after buying an additional 3,190 shares during the last quarter.

Build Bond Innovation ETF Stock Down 0.4%

BFIX stock traded down $0.10 during midday trading on Friday, hitting $25.49. The stock had a trading volume of 389 shares, compared to its average volume of 1,642. The stock has a 50-day simple moving average of $25.40 and a 200 day simple moving average of $25.30. Build Bond Innovation ETF has a 52 week low of $24.51 and a 52 week high of $26.85.

Build Bond Innovation ETF Cuts Dividend

The company also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, January 29th.

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.