IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Stock Short Interest Rises 80.9%

IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,770 shares, an increase of 80.9% from the August 31st total of 5,955 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 10,879 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On IDX Dynamic Fixed Income ETF

An institutional investor recently bought a new position in IDX Dynamic Fixed Income ETF stock. Palladiem LLC acquired a new stake in IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 256,327 shares of the company’s stock, valued at approximately $5,916,000. IDX Dynamic Fixed Income ETF makes up 5.6% of Palladiem LLC’s holdings, making the stock its 8th biggest holding. Palladiem LLC owned 10.25% of IDX Dynamic Fixed Income ETF as of its most recent SEC filing.

IDX Dynamic Fixed Income ETF Price Performance

Shares of NASDAQ:DYFI traded down $0.01 during trading on Wednesday, hitting $22.19. 7,967 shares of the stock traded hands, compared to its average volume of 9,257. The company has a fifty day moving average price of $22.55 and a two-hundred day moving average price of $22.70. IDX Dynamic Fixed Income ETF has a 52-week low of $22.19 and a 52-week high of $23.40.

IDX Dynamic Fixed Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 23rd were given a $0.0842 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from IDX Dynamic Fixed Income ETF’s previous monthly dividend of $0.0761. The ex-dividend date was Wednesday, September 23rd.

IDX Dynamic Fixed Income ETF Company Profile

The IDX Dynamic Fixed Income ETF (DYFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that invests broadly across various sectors of the fixed income markets around the world. Investment could include debt securities of various maturities and credit quality. DYFI was launched on Jan 10, 2024 and is issued by IDX.