Short Interest in Build Bond Innovation ETF (NYSEARCA:BFIX) Expands By 107.5%

Build Bond Innovation ETF (NYSEARCA:BFIXGet Free Report) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 7,365 shares, a growth of 107.5% from the January 15th total of 3,549 shares. Based on an average trading volume of 1,157 shares, the days-to-cover ratio is presently 6.4 days. Approximately 1.6% of the shares of the company are sold short. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 1,157 shares, the days-to-cover ratio is presently 6.4 days.

Hedge Funds Weigh In On Build Bond Innovation ETF

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in Build Bond Innovation ETF in the second quarter valued at $266,000. Vista Investment Partners II LLC grew its stake 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 valued at $475,000 after buying an additional 2,278 shares during the period. Finally, Orion Porfolio Solutions LLC grew its stake in shares of 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 period.

Build Bond Innovation ETF Stock Performance

BFIX opened at $25.59 on Friday. The stock’s fifty day simple moving average is $25.45 and its 200 day simple moving average is $25.33. Build Bond Innovation ETF has a 1-year low of $24.51 and a 1-year high of $26.85.

Build Bond Innovation ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were paid a $0.0678 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, January 29th.

About Build Bond Innovation ETF

(Get Free Report)

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.

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