Quadratic Deflation ETF (NYSEARCA:BNDD) Sees Large Decline in Short Interest

Quadratic Deflation ETF (NYSEARCA:BNDD) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 39 shares, a drop of 67.2% from the April 15th total of 119 shares. Based on an average daily volume of 583 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quadratic Deflation ETF stock. Boyd Watterson Asset Management LLC OH acquired a new position in shares of Quadratic Deflation ETF (NYSEARCA:BNDD) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 266 shares of the company’s stock, valued at approximately $26,000. Boyd Watterson Asset Management LLC OH owned approximately 0.30% of Quadratic Deflation ETF at the end of the most recent quarter.

Quadratic Deflation ETF Price Performance

Quadratic Deflation ETF stock traded down $0.96 during midday trading on Friday, reaching $96.52. The company’s stock had a trading volume of 72 shares, compared to its average volume of 1,564. Quadratic Deflation ETF has a fifty-two week low of $94.64 and a fifty-two week high of $102.28. The stock’s 50 day simple moving average is $98.15 and its 200 day simple moving average is $97.97.

Quadratic Deflation ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a $0.2963 dividend. This is an increase from Quadratic Deflation ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, February 26th.

About Quadratic Deflation ETF

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.