Build Bond Innovation ETF (NYSEARCA:BFIX) Short Interest Up 321.6% in May

Build Bond Innovation ETF (NYSEARCA:BFIX) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 877 shares, an increase of 321.6% from the May 14th total of 208 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,138 shares, the short-interest ratio is presently 0.8 days.

Build Bond Innovation ETF Price Performance

Shares of NYSEARCA:BFIX traded up $0.01 during midday trading on Friday, reaching $25.17. 80 shares of the company were exchanged, compared to its average volume of 2,100. The business’s fifty day moving average is $25.30 and its two-hundred day moving average is $25.39. Build Bond Innovation ETF has a one year low of $24.59 and a one year high of $26.60.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Blue Jean Financial LLC bought a new stake in Build Bond Innovation ETF in the 4th quarter worth approximately $1,350,000. Jane Street Group LLC bought a new stake in Build Bond Innovation ETF in the 2nd quarter worth approximately $266,000. Vista Investment Partners II LLC increased its stake in 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 during the last quarter. Orion Porfolio Solutions LLC increased its stake in Build Bond Innovation ETF by 12.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 26,070 shares of the company’s stock worth $659,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in Build Bond Innovation ETF in the 1st quarter worth approximately $66,000.

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.