Short Interest in Build Bond Innovation ETF (NYSEARCA:BFIX) Expands By 9,261.8%

Build Bond Innovation ETF (NYSEARCA:BFIX) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 49,243 shares, a growth of 9,261.8% from the June 30th total of 526 shares. Based on an average daily trading volume, of 12,122 shares, the short-interest ratio is presently 4.1 days. Approximately 9.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its stake in Build Bond Innovation ETF by 8.0% in the third quarter. Orion Porfolio Solutions LLC now owns 23,140 shares of the company’s stock worth $585,000 after purchasing an additional 1,713 shares in the last quarter. Royal Bank of Canada acquired a new stake in Build Bond Innovation ETF during the first quarter valued at approximately $66,000. Vista Investment Partners II LLC raised its stake in Build Bond Innovation ETF by 54.1% during the fourth 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 bought a new position in Build Bond Innovation ETF during the 2nd quarter worth approximately $266,000. Finally, Blue Jean Financial LLC acquired a new position in shares of Build Bond Innovation ETF in the 4th quarter worth approximately $1,350,000.

Build Bond Innovation ETF Trading Up 0.0%

BFIX stock opened at $24.98 on Friday. Build Bond Innovation ETF has a 1 year low of $24.59 and a 1 year high of $26.60. The stock has a 50-day simple moving average of $25.13 and a 200-day simple moving average of $25.33.

Build Bond Innovation ETF Company Profile

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.