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 target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 103 shares, a decrease 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.

Hedge Funds Weigh In On ClearShares Piton Intermediate Fixed Income ETF

A hedge fund recently bought a new position in ClearShares Piton Intermediate Fixed Income ETF stock. Flow Traders U.S. LLC purchased a new position in shares of ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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.

ClearShares Piton Intermediate Fixed Income ETF Stock Performance

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

ClearShares Piton Intermediate Fixed Income ETF Company Profile

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.