ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Short Interest Down 48.6% in July

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 54 shares, a decline of 48.6% from the July 15th total of 105 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 704 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On ClearShares Piton Intermediate Fixed Income ETF

A hedge fund recently bought a new stake in ClearShares Piton Intermediate Fixed Income ETF stock. Flow Traders U.S. LLC bought a new position in shares of ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,616 shares of the company’s stock, valued at approximately $249,000. Flow Traders U.S. LLC owned about 0.25% of ClearShares Piton Intermediate Fixed Income ETF as of its most recent SEC filing.

ClearShares Piton Intermediate Fixed Income ETF Stock Performance

PIFI stock traded down $0.13 during trading on Friday, hitting $93.21. The company had a trading volume of 94 shares, compared to its average volume of 959. The business has a 50-day moving average of $93.45 and a 200-day moving average of $94.23. ClearShares Piton Intermediate Fixed Income ETF has a one year low of $92.62 and a one year high of $96.79.

About ClearShares Piton Intermediate Fixed Income ETF

The ClearShares Piton Intermediate Fixed Income ETF (PIFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a variety of USD-denominated bonds with an average portfolio maturity of 0-10 years, carrying an investment-grade rating. PIFI was launched on Oct 2, 2020 and is managed by ClearShares.