Sound Enhanced Fixed Income ETF (NYSE:FXED) Stock Short Interest Jumps 239,100.0%

Sound Enhanced Fixed Income ETF (NYSE:FXED) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,392 shares, an increase of 239,100.0% from the September 15th total of 1 shares. Based on an average daily volume of 5,359 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Sound Enhanced Fixed Income ETF Stock Performance

Shares of Sound Enhanced Fixed Income ETF stock opened at $16.45 on Friday. The business’s 50 day moving average price is $17.07 and its 200 day moving average price is $17.36. The company has a market cap of $36.51 million, a price-to-earnings ratio of 11.31 and a beta of 0.55. Sound Enhanced Fixed Income ETF has a one year low of $16.31 and a one year high of $18.58.

Sound Enhanced Fixed Income ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a dividend yield of 577.0%.

About Sound Enhanced Fixed Income ETF

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.