CP High Yield Trend ETF (NYSE:HYTR) Sees Significant Increase in Short Interest

CP High Yield Trend ETF (NYSE:HYTR) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 77,404 shares, an increase of 261.8% from the August 31st total of 21,396 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 52,112 shares, the short-interest ratio is currently 1.5 days.

CP High Yield Trend ETF Price Performance

NYSE:HYTR opened at $20.82 on Monday. The stock has a market cap of $291.48 million, a price-to-earnings ratio of 10.56 and a beta of 0.23. The company’s 50 day moving average price is $21.20 and its 200-day moving average price is $21.33. CP High Yield Trend ETF has a 52 week low of $20.78 and a 52 week high of $22.00.

CP High Yield Trend ETF Company Profile

The CP High Yield Trend ETF (HYTR) is an exchange-traded fund that is based on the CP High Yield Trend index. The fund aims to reduce risk by tracking a rules-based quantitative index of US bonds that will toggling between high yield and treasuries based on momentum. HYTR was launched on Jan 21, 2020 and is managed by Counterpoint.