Short Interest in Quadratic Deflation ETF (NYSEARCA:BNDD) Declines By 86.0%

Quadratic Deflation ETF (NYSEARCA:BNDD) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 522 shares, a drop of 86.0% from the July 15th total of 3,738 shares. Based on an average daily trading volume, of 57,518 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.2% of the shares of the stock are sold short.

Quadratic Deflation ETF Price Performance

Shares of Quadratic Deflation ETF stock traded down $0.32 during mid-day trading on Wednesday, reaching $95.59. 663 shares of the stock traded hands, compared to its average volume of 13,774. The business has a 50-day moving average of $98.64 and a 200 day moving average of $98.09. Quadratic Deflation ETF has a fifty-two week low of $94.64 and a fifty-two week high of $102.28.

Hedge Funds Weigh In On Quadratic Deflation ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Hilltop Holdings Inc. purchased a new stake in shares of Quadratic Deflation ETF in the fourth quarter valued at about $1,472,000. Worth Asset Management LLC purchased a new position in shares of Quadratic Deflation ETF during the second quarter worth $235,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in Quadratic Deflation ETF during the 1st quarter valued at about $26,000.

Quadratic Deflation ETF Company Profile

The Quadratic Deflation ETF (BNDD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US Treasuries and options strategies tied to the shape of the US interest rate swap curve. BNDD was launched on Sep 21, 2021 and is managed by KraneShares.