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

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

Institutional Investors Weigh In On Build Bond Innovation ETF

A number of institutional investors have recently bought and sold shares of BFIX. Orion Porfolio Solutions LLC boosted its position in Build Bond Innovation ETF by 12.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 26,070 shares of the company’s stock valued at $659,000 after buying an additional 2,930 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Build Bond Innovation ETF in the second quarter valued at approximately $266,000. Finally, Vista Investment Partners II LLC boosted its holdings in shares of Build Bond Innovation ETF by 54.1% in the 4th quarter. Vista Investment Partners II LLC now owns 28,926 shares of the company’s stock worth $731,000 after acquiring an additional 10,150 shares in the last quarter.

Build Bond Innovation ETF Stock Up 0.2%

Shares of BFIX traded up $0.04 during mid-day trading on Friday, hitting $25.59. The company’s stock had a trading volume of 591 shares, compared to its average volume of 1,616. The stock’s 50-day moving average is $25.45 and its two-hundred day moving average is $25.33. Build Bond Innovation ETF has a one year low of $24.51 and a one year high of $26.85.

Build Bond Innovation ETF Cuts Dividend

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

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.