Short Interest in ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Decreases By 98.5%

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 103 shares, a drop of 98.5% from the May 31st total of 7,063 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,317 shares, the days-to-cover ratio is presently 0.0 days.

ClearShares Piton Intermediate Fixed Income ETF Price Performance

Shares of ClearShares Piton Intermediate Fixed Income ETF stock traded up $0.05 during trading on Thursday, reaching $94.33. 8 shares of the company’s stock were exchanged, compared to its average volume of 1,009. ClearShares Piton Intermediate Fixed Income ETF has a 1-year low of $93.45 and a 1-year high of $96.79. The firm’s 50-day moving average price is $94.13 and its 200 day moving average price is $94.72.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ClearShares Piton Intermediate Fixed Income ETF stock. Flow Traders U.S. LLC bought a new position in ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,616 shares of the company’s stock, valued at approximately $249,000. Flow Traders U.S. LLC owned about 0.25% of ClearShares Piton Intermediate Fixed Income ETF at the end of the most recent quarter.

About ClearShares Piton Intermediate Fixed Income ETF

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.