ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Sees Significant Decline in Short Interest

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 61 shares, a decrease of 99.0% from the February 12th total of 6,377 shares. Based on an average daily volume of 381 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 381 shares, the days-to-cover ratio is presently 0.2 days.

ClearShares Piton Intermediate Fixed Income ETF Price Performance

PIFI stock remained flat at $95.42 during midday trading on Wednesday. The company had a trading volume of 424 shares, compared to its average volume of 346. ClearShares Piton Intermediate Fixed Income ETF has a one year low of $93.13 and a one year high of $96.79. The firm has a 50-day simple moving average of $95.14 and a two-hundred day simple moving average of $95.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ClearShares Piton Intermediate Fixed Income ETF stock. Colonial Trust Advisors purchased a new position in shares of ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,193 shares of the company’s stock, valued at approximately $208,000. Colonial Trust Advisors owned 0.19% of ClearShares Piton Intermediate Fixed Income ETF at the end of the most recent reporting period.

ClearShares Piton Intermediate Fixed Income ETF Company Profile

The ClearShares Piton Intermediate Fixed Income ETF (PIFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a variety of USD-denominated bonds with an average portfolio maturity of 0-10 years, carrying an investment-grade rating. PIFI was launched on Oct 2, 2020 and is managed by ClearShares.