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

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 10,900 shares, a growth of 127.1% from the September 30th total of 4,800 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 5.0 days. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 5.0 days. Approximately 2.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Build Bond Innovation ETF

Hedge funds have recently modified their holdings of the company. Vista Investment Partners II LLC lifted its holdings in Build Bond Innovation ETF by 13.8% during the 3rd quarter. Vista Investment Partners II LLC now owns 18,776 shares of the company’s stock worth $475,000 after buying an additional 2,278 shares during the period. Farther Finance Advisors LLC lifted its holdings in 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 period. Finally, Jane Street Group LLC acquired a new position in Build Bond Innovation ETF during the 2nd quarter worth about $266,000.

Build Bond Innovation ETF Trading Up 0.4%

NYSEARCA BFIX opened at $25.37 on Friday. Build Bond Innovation ETF has a 12 month low of $24.33 and a 12 month high of $26.85. The stock has a 50-day simple moving average of $25.30 and a 200 day simple moving average of $25.17.

Build Bond Innovation ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 30th were issued a dividend of $0.0757 per share. This is a positive change from Build Bond Innovation ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.