CP High Yield Trend ETF (NYSEARCA:HYTR) Plans Monthly Dividend of $0.23

CP High Yield Trend ETF (NYSEARCA:HYTR) announced a monthly dividend on Thursday, December 11th. Stockholders of record on Friday, December 12th will be paid a dividend of 0.2296 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, December 12th. This is a 160.0% increase from CP High Yield Trend ETF’s previous monthly dividend of $0.09.

CP High Yield Trend ETF Price Performance

HYTR stock traded down $0.28 during trading hours on Friday, reaching $21.60. The stock had a trading volume of 15,728 shares, compared to its average volume of 54,311. CP High Yield Trend ETF has a fifty-two week low of $20.82 and a fifty-two week high of $22.14. The stock has a market capitalization of $202.99 million, a PE ratio of 10.56 and a beta of 0.25. The stock has a 50-day simple moving average of $21.80 and a 200 day simple moving average of $21.75.

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.