Build Bond Innovation ETF (NYSEARCA:BFIX) Short Interest Up 53.1% in December

Build Bond Innovation ETF (NYSEARCA:BFIX) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 11,446 shares, a growth of 53.1% from the November 30th total of 7,478 shares. Based on an average daily volume of 1,767 shares, the days-to-cover ratio is currently 6.5 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 1,767 shares, the days-to-cover ratio is currently 6.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFIX. Jane Street Group LLC bought a new position in Build Bond Innovation ETF in the second quarter valued at $266,000. Farther Finance Advisors LLC boosted its holdings in shares of Build Bond Innovation ETF by 36.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 11,986 shares of the company’s stock worth $301,000 after purchasing an additional 3,190 shares in the last quarter. Vista Investment Partners II LLC boosted its holdings in shares of Build Bond Innovation ETF by 13.8% in the 3rd quarter. Vista Investment Partners II LLC now owns 18,776 shares of the company’s stock worth $475,000 after purchasing an additional 2,278 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased 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 purchasing an additional 1,713 shares during the last quarter.

Build Bond Innovation ETF Trading Down 0.1%

BFIX traded down $0.03 on Monday, reaching $25.34. The company had a trading volume of 623 shares, compared to its average volume of 5,364. Build Bond Innovation ETF has a 52-week low of $24.51 and a 52-week high of $26.85. The business has a 50 day simple moving average of $25.37 and a 200 day simple moving average of $25.24.

Build Bond Innovation ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were given a dividend of $0.0866 per share. This is an increase from Build Bond Innovation ETF’s previous monthly dividend of $0.07. The ex-dividend date was Thursday, December 18th. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.