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

Quadratic Deflation ETF (NYSEARCA:BNDD) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 522 shares, a decline 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 currently 0.0 days. Approximately 0.2% of the company’s stock are sold short.

Quadratic Deflation ETF Trading Down 0.3%

Shares of NYSEARCA:BNDD traded down $0.32 during trading hours on Wednesday, reaching $95.59. The stock had a trading volume of 663 shares, compared to its average volume of 13,774. The firm’s 50 day moving average is $98.64 and its 200-day moving average is $98.09. Quadratic Deflation ETF has a 1 year low of $94.64 and a 1 year high of $102.28.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BNDD. 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 stake in shares of Quadratic Deflation ETF during the 2nd quarter worth $235,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in Quadratic Deflation ETF during the first quarter worth 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.