IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Short Interest Down 71.9% in June

IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 3,848 shares, a decrease of 71.9% from the May 31st total of 13,714 shares. Based on an average daily trading volume, of 3,892 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On IDX Dynamic Fixed Income ETF

A hedge fund recently raised its stake in IDX Dynamic Fixed Income ETF stock. JPMorgan Chase & Co. boosted its stake in shares of IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) by 1,351.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,774 shares of the company’s stock after buying an additional 10,963 shares during the period. JPMorgan Chase & Co. owned approximately 0.74% of IDX Dynamic Fixed Income ETF worth $273,000 as of its most recent filing with the SEC.

IDX Dynamic Fixed Income ETF Stock Performance

Shares of NASDAQ DYFI remained flat at $22.79 during mid-day trading on Monday. 3,027 shares of the stock traded hands, compared to its average volume of 8,749. The company has a 50 day simple moving average of $22.79 and a two-hundred day simple moving average of $22.96. IDX Dynamic Fixed Income ETF has a one year low of $22.57 and a one year high of $23.47.

IDX Dynamic Fixed Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were issued a $0.067 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, June 24th.

IDX Dynamic Fixed Income ETF Company Profile

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.