Sound Enhanced Fixed Income ETF (NYSE:FXED) Sees Significant Drop in Short Interest

Sound Enhanced Fixed Income ETF (NYSE:FXED) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 1 shares, a drop of 100.0% from the September 30th total of 2,392 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,566 shares, the days-to-cover ratio is currently 0.0 days.

Sound Enhanced Fixed Income ETF Price Performance

Shares of FXED opened at $16.54 on Tuesday. The firm has a market cap of $36.72 million, a P/E ratio of 11.31 and a beta of 0.55. The stock has a 50 day simple moving average of $16.87 and a two-hundred day simple moving average of $17.43. Sound Enhanced Fixed Income ETF has a 1 year low of $16.22 and a 1 year high of $18.53.

Sound Enhanced Fixed Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 15th were given a $0.04 dividend. The ex-dividend date was Thursday, October 15th. This represents a dividend yield of 577.0%.

Sound Enhanced Fixed Income ETF Company Profile

The Sound Enhanced Fixed Income ETF (FXED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond portfolio that seeks current income and capital appreciation with few limitations in respect to geographic, type, credit, or duration exposure. FXED was launched on Dec 30, 2020 and is managed by Tidal.