IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Sees Significant Decrease in Short Interest

IDX Dynamic Fixed Income ETF (NASDAQ:DYFIGet Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,966 shares, a drop of 53.4% from the June 30th total of 6,358 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 5,887 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in IDX Dynamic Fixed Income ETF stock. Palladiem LLC acquired a new position in shares of IDX Dynamic Fixed Income ETF (NASDAQ:DYFIFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 256,327 shares of the company’s stock, valued at approximately $5,916,000. IDX Dynamic Fixed Income ETF accounts for about 5.6% of Palladiem LLC’s holdings, making the stock its 8th largest holding. Palladiem LLC owned approximately 10.25% of IDX Dynamic Fixed Income ETF at the end of the most recent quarter.

IDX Dynamic Fixed Income ETF Price Performance

Shares of DYFI stock traded up $0.03 during trading hours on Tuesday, reaching $22.58. 2,258 shares of the company’s stock were exchanged, compared to its average volume of 8,260. IDX Dynamic Fixed Income ETF has a 1 year low of $22.50 and a 1 year high of $23.47. The stock’s fifty day moving average price is $22.74 and its two-hundred day moving average price is $22.90.

IDX Dynamic Fixed Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 22nd were given a dividend of $0.1069 per share. The ex-dividend date of this dividend was Wednesday, July 22nd. This is a boost from IDX Dynamic Fixed Income ETF’s previous dividend of $0.08.

About IDX Dynamic Fixed Income ETF

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The IDX Dynamic Fixed Income ETF (DYFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that invests broadly across various sectors of the fixed income markets around the world. Investment could include debt securities of various maturities and credit quality. DYFI was launched on Jan 10, 2024 and is issued by IDX.

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