FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 327 shares, a drop of 82.1% from the October 15th total of 1,822 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,275 shares, the days-to-cover ratio is currently 0.3 days.
FolioBeyond Enhanced Fixed Income Premium ETF Price Performance
FolioBeyond Enhanced Fixed Income Premium ETF stock traded up $0.01 during midday trading on Friday, hitting $19.00. 635 shares of the company were exchanged, compared to its average volume of 2,029. The company has a market cap of $9.88 million, a PE ratio of 13.70 and a beta of 0.13. FolioBeyond Enhanced Fixed Income Premium ETF has a fifty-two week low of $18.98 and a fifty-two week high of $20.46. The company’s fifty day moving average price is $19.23 and its 200-day moving average price is $19.70.
FolioBeyond Enhanced Fixed Income Premium ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 29th were given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 5.1%. This is a negative change from FolioBeyond Enhanced Fixed Income Premium ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, October 29th.
About FolioBeyond Enhanced Fixed Income Premium ETF
The FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, aiming to provide income and, secondarily, long-term capital appreciation. The fund employs a proprietary model to invest in a diversified portfolio of fixed-income sector ETFs across varying maturities and credit qualities, with an options overlay strategy to enhance income. FIXP was launched on Jan 22, 2025 and is issued by FolioBeyond.
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