Short Interest in Build Bond Innovation ETF (NYSEARCA:BFIX) Expands By 47.7%
by Michael Walen · The Markets DailyBuild Bond Innovation ETF (NYSEARCA:BFIX – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 16,907 shares, a growth of 47.7% from the December 15th total of 11,446 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average trading volume of 1,637 shares, the days-to-cover ratio is currently 10.3 days. Based on an average trading volume of 1,637 shares, the days-to-cover ratio is currently 10.3 days. Currently, 3.8% of the shares of the company are short sold.
Institutional Trading of Build Bond Innovation ETF
A number of hedge funds have recently added to or reduced their stakes in BFIX. Jane Street Group LLC acquired a new position in shares of Build Bond Innovation ETF in the second quarter valued at approximately $266,000. Farther Finance Advisors LLC lifted its holdings in shares of Build Bond Innovation ETF by 36.3% during the second 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 during the period. Vista Investment Partners II LLC grew its position in 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 last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in 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 Trading Up 0.1%
Shares of NYSEARCA:BFIX opened at $25.51 on Friday. Build Bond Innovation ETF has a 1-year low of $24.51 and a 1-year high of $26.85. The firm has a fifty day moving average price of $25.37 and a 200 day moving average price of $25.27.
Build Bond Innovation ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were given a $0.0866 dividend. This is a boost 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 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.