FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,822 shares, a decline of 37.1% from the September 30th total of 2,896 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,393 shares, the days-to-cover ratio is presently 1.3 days.
FolioBeyond Enhanced Fixed Income Premium ETF Trading Up 0.2%
Shares of FolioBeyond Enhanced Fixed Income Premium ETF stock traded up $0.03 on Tuesday, hitting $19.06. 1,028 shares of the company traded hands, compared to its average volume of 2,067. The company has a market cap of $9.91 million, a PE ratio of 13.70 and a beta of 0.13. The stock’s 50 day moving average price is $19.37 and its 200-day moving average price is $19.74. FolioBeyond Enhanced Fixed Income Premium ETF has a 52 week low of $18.99 and a 52 week high of $20.46.
FolioBeyond Enhanced Fixed Income Premium ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 29th. This is a negative change from FolioBeyond Enhanced Fixed Income Premium ETF’s previous monthly dividend of $0.14. This represents a $0.96 annualized dividend and a yield of 5.0%.
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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