ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) Short Interest Update

ClearShares Piton Intermediate Fixed Income ETF (NYSEARCA:PIFI) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,717 shares, an increase of 2,537.9% from the June 15th total of 103 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 802 shares, the short-interest ratio is presently 3.4 days.

ClearShares Piton Intermediate Fixed Income ETF Stock Performance

PIFI stock traded down $0.11 during midday trading on Friday, hitting $93.18. 15 shares of the stock were exchanged, compared to its average volume of 1,010. The stock’s 50-day moving average price is $93.92 and its 200-day moving average price is $94.57. ClearShares Piton Intermediate Fixed Income ETF has a fifty-two week low of $93.13 and a fifty-two week high of $96.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake 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) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

About ClearShares Piton Intermediate Fixed Income ETF

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.