FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 327 shares, a drop of 82.1% from the October 15th total of 1,822 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,275 shares, the short-interest ratio is presently 0.3 days.
FolioBeyond Enhanced Fixed Income Premium ETF Price Performance
FIXP traded down $0.06 during trading on Thursday, hitting $19.00. The stock had a trading volume of 5,622 shares, compared to its average volume of 2,045. The company has a 50 day moving average price of $19.26 and a 200-day moving average price of $19.71. FolioBeyond Enhanced Fixed Income Premium ETF has a one year low of $18.98 and a one year high of $20.46. The firm has a market cap of $9.88 million, a price-to-earnings 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. Stockholders of record on Thursday, October 29th were issued a dividend of $0.08 per share. This is a decrease from FolioBeyond Enhanced Fixed Income Premium ETF’s previous monthly dividend of $0.14. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Thursday, October 29th.
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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