IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Sees Significant Drop in Short Interest

IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,042 shares, a decline of 41.1% from the April 30th total of 15,346 shares. Based on an average daily volume of 3,590 shares, the short-interest ratio is currently 2.5 days. Currently, 0.4% of the shares of the company are sold short.

IDX Dynamic Fixed Income ETF Price Performance

DYFI opened at $22.76 on Tuesday. The firm has a 50 day moving average price of $22.80 and a 200-day moving average price of $23.02. IDX Dynamic Fixed Income ETF has a twelve month low of $22.57 and a twelve month high of $23.47.

IDX Dynamic Fixed Income ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.081 per share. The ex-dividend date of this dividend was Wednesday, April 22nd.

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 position in IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 256,327 shares of the company’s stock, valued at approximately $5,916,000. IDX Dynamic Fixed Income ETF accounts for 5.6% of Palladiem LLC’s investment portfolio, making the stock its 8th largest position. Palladiem LLC owned about 10.25% of IDX Dynamic Fixed Income ETF at the end of the most recent reporting period.

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.