FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,822 shares, a drop of 37.1% from the September 30th total of 2,896 shares. Based on an average daily trading volume, of 1,393 shares, the short-interest ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are short sold.
FolioBeyond Enhanced Fixed Income Premium ETF Price Performance
Shares of NYSEARCA FIXP traded up $0.03 during trading on Monday, reaching $19.13. 6,489 shares of the stock traded hands, compared to its average volume of 2,073. FolioBeyond Enhanced Fixed Income Premium ETF has a 52-week low of $18.99 and a 52-week high of $20.46. The company has a 50-day moving average of $19.38 and a 200-day moving average of $19.75. The stock has a market capitalization of $9.95 million, a P/E ratio of 13.70 and a beta of 0.13.
FolioBeyond Enhanced Fixed Income Premium ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a dividend of $0.08 per share. This is a drop from FolioBeyond Enhanced Fixed Income Premium ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $0.96 dividend on an annualized basis 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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