Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) Sees Significant Increase in Short Interest

Allspring Broad Market Core Bond ETF (NYSEARCA:AFIX) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 20,645 shares, an increase of 22.5% from the March 15th total of 16,848 shares. Based on an average trading volume of 3,955 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in Allspring Broad Market Core Bond ETF by 4.4% during the fourth quarter. Jane Street Group LLC now owns 36,232 shares of the company’s stock worth $909,000 after buying an additional 1,529 shares in the last quarter. Stiles Financial Services Inc purchased a new stake in Allspring Broad Market Core Bond ETF during the third quarter worth about $1,130,000. Finally, Citadel Advisors LLC purchased a new stake in Allspring Broad Market Core Bond ETF during the third quarter worth about $6,115,000.

Allspring Broad Market Core Bond ETF Trading Down 0.1%

Shares of Allspring Broad Market Core Bond ETF stock opened at $25.06 on Thursday. Allspring Broad Market Core Bond ETF has a 52-week low of $24.47 and a 52-week high of $25.59. The company’s 50-day simple moving average is $25.14 and its 200-day simple moving average is $25.22.

About Allspring Broad Market Core Bond ETF

The Allspring Broad Market Core Bond ETF (AFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and USD-denominated fixed income securities with broad credit and maturity. It seeks total return and primarily holds investment grade securities. AFIX was launched on Dec 4, 2024 and is issued by Allspring.