CP High Yield Trend ETF (NYSE:HYTR) Shares Shorted: Short Interest Down 73.2% in October

CP High Yield Trend ETF (NYSE:HYTR) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 39,102 shares, a decline of 73.2% from the September 30th total of 146,005 shares. Based on an average daily trading volume, of 51,971 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

CP High Yield Trend ETF Stock Up 0.0%

Shares of HYTR traded up $0.01 during trading hours on Wednesday, reaching $20.77. The company’s stock had a trading volume of 35,612 shares, compared to its average volume of 63,246. The company has a 50 day moving average of $20.99 and a two-hundred day moving average of $21.37. The firm has a market cap of $295.97 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. CP High Yield Trend ETF has a 1-year low of $20.71 and a 1-year high of $21.93.

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.