Ocean Park High Income ETF (NASDAQ:DUKH) Stock Short Interest Declines 62.0%

Ocean Park High Income ETF (NASDAQ:DUKH) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 687 shares, a decrease of 62.0% from the September 30th total of 1,806 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,551 shares, the days-to-cover ratio is presently 0.3 days.

Ocean Park High Income ETF Stock Performance

Shares of Ocean Park High Income ETF stock traded up $0.01 during trading on Friday, hitting $23.23. The company’s stock had a trading volume of 1,293 shares, compared to its average volume of 7,185. The company has a fifty day simple moving average of $23.41 and a two-hundred day simple moving average of $23.92. The company has a market capitalization of $22.07 million, a PE ratio of 15.68 and a beta of 0.24. Ocean Park High Income ETF has a 52 week low of $23.05 and a 52 week high of $24.74.

Ocean Park High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Wednesday, October 7th were issued a $0.0320 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.7%. This is a drop from Ocean Park High Income ETF’s previous monthly dividend of $0.1137. The ex-dividend date was Wednesday, October 7th.

Hedge Funds Weigh In On Ocean Park High Income ETF

An institutional investor recently raised its position in Ocean Park High Income ETF stock. VestGen Advisors LLC grew its holdings in shares of Ocean Park High Income ETF (NASDAQ:DUKH) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 370,984 shares of the company’s stock after purchasing an additional 18,627 shares during the period. VestGen Advisors LLC owned approximately 38.64% of Ocean Park High Income ETF worth $8,603,000 as of its most recent SEC filing.

About Ocean Park High Income ETF

The Ocean Park High Income ETF (DUKH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund-of-funds that tactically allocates assets across high-yield fixed income ETFs that are unconstrained by maturity or geography. The fund seeks to provide total return while mitigating downside risk. DUKH was launched on Jul 10, 2024 and is issued by Ocean Park.