Short Interest in Build Bond Innovation ETF (NYSEARCA:BFIX) Grows By 47.7%

Build Bond Innovation ETF (NYSEARCA:BFIX) was the target of a large growth in short interest during 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. 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 sold short. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 1,637 shares, the days-to-cover ratio is currently 10.3 days.

Institutional Investors Weigh In On Build Bond Innovation ETF

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Build Bond Innovation ETF during the second quarter worth $266,000. Farther Finance Advisors LLC raised its stake in shares of Build Bond Innovation ETF by 36.3% during the 2nd 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 in the last quarter. Vista Investment Partners II LLC lifted its holdings in shares of Build Bond Innovation ETF by 13.8% during 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 grew its stake in shares of 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 in the last quarter.

Build Bond Innovation ETF Stock Performance

Build Bond Innovation ETF stock traded down $0.01 during mid-day trading on Friday, reaching $25.50. The company’s stock had a trading volume of 1,207 shares, compared to its average volume of 2,092. The business has a 50 day moving average price of $25.37 and a 200-day moving average price of $25.27. Build Bond Innovation ETF has a twelve month low of $24.51 and a twelve month high of $26.85.

Build Bond Innovation ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were given a $0.0866 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Build Bond Innovation ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Thursday, December 18th.

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.