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

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 877 shares, an increase of 321.6% from the May 14th total of 208 shares. Based on an average daily volume of 1,138 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its position in shares of Build Bond Innovation ETF by 8.0% during 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 in the last quarter. Royal Bank of Canada purchased a new position in shares of Build Bond Innovation ETF during the 1st quarter valued at approximately $66,000. Vista Investment Partners II LLC lifted its position in shares of Build Bond Innovation ETF by 54.1% during the 4th quarter. Vista Investment Partners II LLC now owns 28,926 shares of the company’s stock valued at $731,000 after buying an additional 10,150 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Build Bond Innovation ETF during the 2nd quarter valued at approximately $266,000. Finally, Blue Jean Financial LLC purchased a new position in shares of Build Bond Innovation ETF during the 4th quarter valued at approximately $1,350,000.

Build Bond Innovation ETF Trading Down 0.0%

Build Bond Innovation ETF stock traded down $0.01 during mid-day trading on Thursday, hitting $25.16. The company had a trading volume of 411 shares, compared to its average volume of 2,118. Build Bond Innovation ETF has a 12-month low of $24.59 and a 12-month high of $26.60. The company’s fifty day moving average is $25.30 and its 200-day moving average is $25.39.

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.